Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Dishonor of Cheque - possibility of amicable settlement - Lok Adalat - A compromise or settlement cannot be forced upon the parties. In other words, in case one of the parties does not appears before the Lok Adalat where their case stands referred for compromise or settlement, the only inference which can be prudently drawn is that the party is not interested in having the matter compromised. That being the situation, the Lok Adalat has to thereafter proceed by ordering that as the matter could not be settled between the parties, the same is referred back to the court from which it was sent for the purpose of compromise or settlement. - HC
Dishonor of Cheque - possibility of amicable settlement - Lok Adalat - A compromise or settlement cannot be forced upon the parties. In other words, in case one of the parties does not appears before the Lok Adalat where their case stands referred for compromise or settlement, the only inference which can be prudently drawn is that the party is not interested in having the matter compromised. That being the situation, the Lok Adalat has to thereafter proceed by ordering that as the matter could not be settled between the parties, the same is referred back to the court from which it was sent for the purpose of compromise or settlement. - HC
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