Transfer-pricing comparability permits fresh objections and filters where software service comparables are functionally unsuitable for arm's-length pr...
Territorial rendering requirement excludes China-based management and consultancy services from fees for technical services under the India-China DTAA...
FEMA borrowing restrictions bind charitable trusts, and civil penalties apply without proving intent for delayed repayment of non-resident rupee loans...
Judicial review of closure of a disciplinary complaint concerning alleged unauthorised access to and alteration of an income-tax account is confined to examining the legality of the decision-making process. Writ jurisdiction does not permit reappreciation of evidence or substitution of the disciplinary authority's view. The absence of a fiduciary relationship did not itself exclude misconduct, but was material where the prima facie view assumed that the Chartered Accountant was the petitioner's tax consultant, which both denied. The closure rested on lack of cogent evidence of mala fide intent or deliberate facilitation, rather than merely pending criminal proceedings; the writ petition was dismissed.
Judicial review of closure of a disciplinary complaint concerning alleged unauthorised access to and alteration of an income-tax account is confined to examining the legality of the decision-making process. Writ jurisdiction does not permit reappreciation of evidence or substitution of the disciplinary authority's view. The absence of a fiduciary relationship did not itself exclude misconduct, but was material where the prima facie view assumed that the Chartered Accountant was the petitioner's tax consultant, which both denied. The closure rested on lack of cogent evidence of mala fide intent or deliberate facilitation, rather than merely pending criminal proceedings; the writ petition was dismissed.
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TaxTMI 
TaxTMI 
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