Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Statutory sanction for delayed reassessment requires approval from the prescribed authority; approval by an inferior authority invalidates jurisdictio...
Transfer pricing margin adjustments require matching treatment of non-operating income and related costs, with comparability issues reconsidered on ev...
Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
DGFT inserts five notes under SIONs M-1 to M-8 for gems and jewellery products, with immediate effect, to regulate Advance Authorisation for gold imports. A maximum quantity limit of 100 kilograms is prescribed for gold import under Advance Authorisation. First-time applicants must undergo mandatory physical inspection of their manufacturing facility, and subsequent authorisations are to be considered only after at least 50% of the export obligation under prior gold authorisations is fulfilled. The holder must file fortnightly performance reports certified by an independent Chartered Accountant, while the Regional Authority must send monthly consolidated reports to DGFT Headquarters for monitoring.
DGFT inserts five notes under SIONs M-1 to M-8 for gems and jewellery products, with immediate effect, to regulate Advance Authorisation for gold imports. A maximum quantity limit of 100 kilograms is prescribed for gold import under Advance Authorisation. First-time applicants must undergo mandatory physical inspection of their manufacturing facility, and subsequent authorisations are to be considered only after at least 50% of the export obligation under prior gold authorisations is fulfilled. The holder must file fortnightly performance reports certified by an independent Chartered Accountant, while the Regional Authority must send monthly consolidated reports to DGFT Headquarters for monitoring.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
