Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
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Advance ruling jurisdiction is barred where the question raised has already been conclusively decided by a Court, because the authority cannot re-adjudicate a settled issue or create conflicting classifications. Applying that principle, the Authority held that the classification of roasted areca nuts was already determined by the Madras High Court under Heading 2008, and the applicant showed no change in the goods' nature, composition or processing. Mere renumbering or substitution of the tariff sub-heading after later legislation did not create a fresh classification question. The application was therefore not maintainable and was rejected as covered by binding judicial precedent.
Advance ruling jurisdiction is barred where the question raised has already been conclusively decided by a Court, because the authority cannot re-adjudicate a settled issue or create conflicting classifications. Applying that principle, the Authority held that the classification of roasted areca nuts was already determined by the Madras High Court under Heading 2008, and the applicant showed no change in the goods' nature, composition or processing. Mere renumbering or substitution of the tariff sub-heading after later legislation did not create a fresh classification question. The application was therefore not maintainable and was rejected as covered by binding judicial precedent.
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