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2 results for “transfer pricing”+ Section 36(1)(vi)clear

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WIPRO LTD. vs. ASST. COLLECTOR OF CUSTOMS

The appeals are allowed in the aforesaid terms with no order as to

C.A. No.-009766-009775 - 2003Supreme Court16 Apr 2015
Section 14Section 14(1)Section 156Section 22

vi) arbitrary or fictitious values.” 7) Once the transaction value is arrived at by applying the formula applicable in a given case in terms of aforesaid provision, Civil Appeal No(s). 9766-9775 of 2003 Page 6 of 37 Page 7 JUDGMENT exercise is still incomplete. Adjustments to this value are still to be made in accordance with the provision

COMMNR.,CENTRAL EXCISE & CUSTOMS, KERALA vs. M/S. LARSEN & TOUBRO LTD

Appeals are disposed of

C.A. No.-006770-006770 - 2004Supreme Court
20 Aug 2015

vi) cannot, however, be excluded. The position of a contractor in relation to a transfer of property in goods in the execution of a works contract is not different from that of a dealer in goods who is liable to pay sales tax on the sale price charged by him from the customer for the goods sold. The said price