Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
TP adjustment - ALP of royalty - In the absence of empirical data, stating higher royalty was not justified only because it did not result in any tangible benefit to the Assessee was not be the right approach - ITAT direction to the TPO to adopt the percentage(5.6%) as has been accepted by DRP based on survey report of travel industry in subsequent year does not appear to be unreasonable - no substantial question of law arises
TP adjustment - ALP of royalty - In the absence of empirical data, stating higher royalty was not justified only because it did not result in any tangible benefit to the Assessee was not be the right approach - ITAT direction to the TPO to adopt the percentage(5.6%) as has been accepted by DRP based on survey report of travel industry in subsequent year does not appear to be unreasonable - no substantial question of law arises
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