Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Statutory sanction for delayed reassessment requires approval from the prescribed authority; approval by an inferior authority invalidates jurisdictio...
Transfer pricing margin adjustments require matching treatment of non-operating income and related costs, with comparability issues reconsidered on ev...
Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
Dishonour of Cheque - Proviso (b) to Section 138 of the NI Act not complied - notice of demand dated 08.06.2012 demanded Rs. 2 crores from the accused instead of the cheque amount of Rs. 1 crore - The High court concludes that the complaint filed by the respondent is not maintainable due to procedural irregularities, particularly the failure to comply with the requirements of Proviso (b) of Section 138. - Any demand made in excess of the cheque amount, without clear justification, renders the notice defective. - The petition is allowed, and the complaint against the petitioner is quashed, with no order as to costs.
Dishonour of Cheque - Proviso (b) to Section 138 of the NI Act not complied - notice of demand dated 08.06.2012 demanded Rs. 2 crores from the accused instead of the cheque amount of Rs. 1 crore - The High court concludes that the complaint filed by the respondent is not maintainable due to procedural irregularities, particularly the failure to comply with the requirements of Proviso (b) of Section 138. - Any demand made in excess of the cheque amount, without clear justification, renders the notice defective. - The petition is allowed, and the complaint against the petitioner is quashed, with no order as to costs.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
