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...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Money Laundering - Validity of framing of charges - dealing in skin and organs of prohibited animals - proceeds of crime - scheduled offence - The High court emphasizes that at the stage of framing charges, only a prima facie case needs to be established. It notes the dispute over the valuation of seized goods but concludes that such disputes should be addressed during the trial. Similarly, doubts about income tax returns are deemed insufficient grounds for discharge. Ultimately, the court finds that the prosecution's case establishes a prima facie basis for proceeding with the trial, dismissing the applicants' application.
Money Laundering - Validity of framing of charges - dealing in skin and organs of prohibited animals - proceeds of crime - scheduled offence - The High court emphasizes that at the stage of framing charges, only a prima facie case needs to be established. It notes the dispute over the valuation of seized goods but concludes that such disputes should be addressed during the trial. Similarly, doubts about income tax returns are deemed insufficient grounds for discharge. Ultimately, the court finds that the prosecution's case establishes a prima facie basis for proceeding with the trial, dismissing the applicants' application.
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