Transfer pricing comparables and adjustments: Tribunal revisits loss-maker status, segmental comparability, working capital relief, and risk allocatio...
Business expenditure disallowance failed where commission, related-party salary and promotion payments were supported by records and inquiry was inade...
Prima facie material at the discharge and charge-framing stage need only raise a strong suspicion of the accused's involvement; the court must not conduct a roving inquiry or weigh evidence as at trial. The notes state that the petitioner was a trustee when a loan was allegedly obtained through fraudulent documents, diverted from its stated purpose, and linked to laundering of proceeds of crime. On that material, the Trial Court's refusal to discharge was affirmed and the criminal revision was dismissed.
Prima facie material at the discharge and charge-framing stage need only raise a strong suspicion of the accused's involvement; the court must not conduct a roving inquiry or weigh evidence as at trial. The notes state that the petitioner was a trustee when a loan was allegedly obtained through fraudulent documents, diverted from its stated purpose, and linked to laundering of proceeds of crime. On that material, the Trial Court's refusal to discharge was affirmed and the criminal revision was dismissed.
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