Transfer pricing comparables and operating income principles applied to software development services, with exclusions, inclusions, and tax credit ver...
Transfer pricing on performance guarantees and overdue receivables deleted where warranty obligations were embedded and working capital adjustment alr...
Under the SEBI Act, the first proviso to Section 223(1) of the BNSS applies to a complaint filed by the Board because the Act restricts who may initiate prosecution but does not prescribe a different cognizance procedure. The provision creates a mandatory pre-cognizance opportunity of hearing for the proposed accused. Treating the Special Court as a Court of Session does not exclude that requirement. On this analysis, cognizance and consequential process issued without such hearing were quashed, with fresh consideration directed after hearing the accused; merits remained open.
Under the SEBI Act, the first proviso to Section 223(1) of the BNSS applies to a complaint filed by the Board because the Act restricts who may initiate prosecution but does not prescribe a different cognizance procedure. The provision creates a mandatory pre-cognizance opportunity of hearing for the proposed accused. Treating the Special Court as a Court of Session does not exclude that requirement. On this analysis, cognizance and consequential process issued without such hearing were quashed, with fresh consideration directed after hearing the accused; merits remained open.
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