Day: November 25, 2017

Reopening for overlooking transactions with associated enterprises and not referring them to TPO not change of opinion–HC

Reopening for overlooking transactions with associated enterprises and not referring them to TPO for computation of at arms’ length income was not change of opinion – High Court   ABCAUS Case Law Citation: ABCAUS 2130 (2017) (11) HC The petitioner company was incorporated in the United Kingdom and …

IGST-GST on Sale of goods in a Bonded Warehouse-applicability

IGST-GST on Sale of goods in a Bonded Warehouse-applicability. If goods remain in warehouse, customs duty remain deferred till goods are ex-bonded Circular No. 46/2017-Customs F.No: 473/10/2017-LC Govt. of India Ministry of Finance Dept. of Revenue Central Board of Excise & Customs North Block, New Delhi Dated 24th November …