Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
Refund of anti-dumping duty paid by the petitioner - The High court found the petition misconceived, highlighting the petitioner's failure to fulfill basic requirements for invoking Article 226, including the absence of a 'demand for justice' prior to filing the petition. The court also applied principles of delay and laches, noting the petitioner's belated approach is barred by significant delay without a satisfactory explanation. Additionally, the court rejected the notion that a Supreme Court decision could retrospectively provide a cause of action for challenging the notifications or claiming a refund.
Refund of anti-dumping duty paid by the petitioner - The High court found the petition misconceived, highlighting the petitioner's failure to fulfill basic requirements for invoking Article 226, including the absence of a 'demand for justice' prior to filing the petition. The court also applied principles of delay and laches, noting the petitioner's belated approach is barred by significant delay without a satisfactory explanation. Additionally, the court rejected the notion that a Supreme Court decision could retrospectively provide a cause of action for challenging the notifications or claiming a refund.
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