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...
Tax deduction at source on leave fare concession payments was not required where binding interim judicial directions prohibited deduction or recovery. Vacation of those directions operated prospectively and could not retrospectively impose a recovery obligation on the employer. An employer acting in compliance with such orders could not be treated as an assessee in default under sections 201(1) and 201(1A). Liability under section 201 required verification of whether employees, as primary taxpayers, had discharged their tax liability; it was not automatic merely because tax had not been deducted. The demand and consequential interest were deleted.
Tax deduction at source on leave fare concession payments was not required where binding interim judicial directions prohibited deduction or recovery. Vacation of those directions operated prospectively and could not retrospectively impose a recovery obligation on the employer. An employer acting in compliance with such orders could not be treated as an assessee in default under sections 201(1) and 201(1A). Liability under section 201 required verification of whether employees, as primary taxpayers, had discharged their tax liability; it was not automatic merely because tax had not been deducted. The demand and consequential interest were deleted.
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