Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
Writ jurisdiction may extend to a private bank when it acts as an Authorised Dealer under the FEMA-RBI framework and its refusal to process foreign exchange transactions is challenged as arbitrary. The article notes that contractual banking dealings do not exclude judicial review where a public law element exists, and that a clean-hands objection based on alleged suppression will not automatically bar a petition if the disputed facts are part of the main controversy. It also explains that the bank could require enhanced due diligence and refuse processing when later material raised sanctions-related concerns, with the writ court declining to reappreciate disputed commercial facts and no interference being made under Article 226.
Writ jurisdiction may extend to a private bank when it acts as an Authorised Dealer under the FEMA-RBI framework and its refusal to process foreign exchange transactions is challenged as arbitrary. The article notes that contractual banking dealings do not exclude judicial review where a public law element exists, and that a clean-hands objection based on alleged suppression will not automatically bar a petition if the disputed facts are part of the main controversy. It also explains that the bank could require enhanced due diligence and refuse processing when later material raised sanctions-related concerns, with the writ court declining to reappreciate disputed commercial facts and no interference being made under Article 226.
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