Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
A common show cause notice covering multiple taxation periods was held unsustainable because assessment of tax and allied amounts must be initiated separately for each financial year or tax period. Following its earlier ruling, the HC held that different taxation periods cannot be clubbed in one notice, and the impugned notice was therefore set aside. The authorities were left free to initiate fresh proceedings in accordance with law.
A common show cause notice covering multiple taxation periods was held unsustainable because assessment of tax and allied amounts must be initiated separately for each financial year or tax period. Following its earlier ruling, the HC held that different taxation periods cannot be clubbed in one notice, and the impugned notice was therefore set aside. The authorities were left free to initiate fresh proceedings in accordance with law.
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