Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Following constitution of the GST Appellate Tribunal, the appellate remedy is available for challenging the impugned orders. The writ petition was disposed of without examining the orders' validity, with permission to file an appeal before the Tribunal by June 30, 2026. The appeal must be entertained without objection based on limitation, but remains subject to the specified mandatory pre-deposit requirements and removal of defects. The operative effect is that access to the Tribunal is preserved within the permitted timeframe, while compliance with pre-deposit and filing-defect directions remains necessary for entertainment of the appeal.
Following constitution of the GST Appellate Tribunal, the appellate remedy is available for challenging the impugned orders. The writ petition was disposed of without examining the orders' validity, with permission to file an appeal before the Tribunal by June 30, 2026. The appeal must be entertained without objection based on limitation, but remains subject to the specified mandatory pre-deposit requirements and removal of defects. The operative effect is that access to the Tribunal is preserved within the permitted timeframe, while compliance with pre-deposit and filing-defect directions remains necessary for entertainment of the appeal.
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