CBEC’s clarification on problem faced by exporters in availing refund of excess credit.
Source : www.taxmann.com

After 1-4-1989, AO has power to re-open, provided there is tangible material to come to conclusion that there is escapement of income from assessment [SC]

Transfer pricing

Transfer pricing - A business organization with negative net worth cannot be treated at par with a normal business entity for computation of ALP

20th Jan Update

A company can file compliant under rule 13 of the Redressal of Public Grievances Rules, 1998 before Insurance Ombudsman [MP]
Source : www.taxmann.com