Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Bail was granted in a GST prosecution for alleged fraudulent input tax credit because continued custody was found unwarranted on a cumulative assessment of bail factors. The Court relied on the petitioner's four months in custody, absence of criminal antecedents, the essentially documentary nature of the prosecution case, and the absence of material showing risk of tampering, witness influence, or non-cooperation. It also noted that the trial was unlikely to conclude soon and that the right to speedy trial is protected under Article 21. The Court held that economic offence allegations alone did not justify further incarceration and directed release on conditions to secure presence and protect the trial.
Bail was granted in a GST prosecution for alleged fraudulent input tax credit because continued custody was found unwarranted on a cumulative assessment of bail factors. The Court relied on the petitioner's four months in custody, absence of criminal antecedents, the essentially documentary nature of the prosecution case, and the absence of material showing risk of tampering, witness influence, or non-cooperation. It also noted that the trial was unlikely to conclude soon and that the right to speedy trial is protected under Article 21. The Court held that economic offence allegations alone did not justify further incarceration and directed release on conditions to secure presence and protect the trial.
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