Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Reopening of assessment u/s 147 - unable to make declaration under the Black Money Act -There is always a presumption as to constitutionality of a statute and the burden lies heavily on him who challenges the constitutionality - we feel that while respondents may proceed pursuant to the impugned notices dated December 20, 2017, no coercive measures may be taken against the petitioners if the occasion so arises. - HC
Reopening of assessment u/s 147 - unable to make declaration under the Black Money Act -There is always a presumption as to constitutionality of a statute and the burden lies heavily on him who challenges the constitutionality - we feel that while respondents may proceed pursuant to the impugned notices dated December 20, 2017, no coercive measures may be taken against the petitioners if the occasion so arises. - HC
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