Road restoration charges constitute taxable services when requested for commercial pipeline activity, requiring reverse-charge GST from the business r...
Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expen...
Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires ...
Written acceptance of customs reassessment waives only the proper officer's obligation to issue a speaking order under section 17(5); it does not bar the importer's statutory challenge to the reassessment's basis or merits. Rejection of declared transaction value requires the proper officer to form and record reasonable doubt about its truth or accuracy and, where required, disclose the grounds in writing. Valuation enhancement based solely on NIDB data requires independent, cogent material; undisclosed contemporaneous-import details cannot substantiate the enhancement.
Written acceptance of customs reassessment waives only the proper officer's obligation to issue a speaking order under section 17(5); it does not bar the importer's statutory challenge to the reassessment's basis or merits. Rejection of declared transaction value requires the proper officer to form and record reasonable doubt about its truth or accuracy and, where required, disclose the grounds in writing. Valuation enhancement based solely on NIDB data requires independent, cogent material; undisclosed contemporaneous-import details cannot substantiate the enhancement.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4910 
