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    Transfer-pricing comparability filters require fresh arm's-length analysis, while delayed receivables need separate reconsideration with working-capit...
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Automatic Vacation of the interim order / Stay Order after six...

Interim Orders Sustain Beyond Six Months; Supreme Court Stresses Judicial Review for Changes or Cancellations.

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Indian Laws March 2, 2024 Case Laws SC
Automatic Vacation of the interim order / Stay Order after six months - judicial legislation or not - The Supreme Court held that interim orders cannot automatically expire due to the lapse of time. Fundamental principles of natural justice require that any modification or vacation of such orders must occur through judicial examination, ensuring fairness to all parties involved. - The Court highlighted that while Article 142 empowers the Supreme Court to pass orders for doing complete justice, it cannot be used to annul lawful judicial orders en masse without considering individual case merits and the rights of those not present before the Court.

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Acts Income Tax