Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Rejection of bid - requirement of uploading annual turnover certificate issued by the Chartered Accountant for the last five financial years bearing UDIN of Institute of Chartered Accountants of India (ICAI) - The Court found that the stipulation for submitting a five-year annual turnover certificate with UDIN by Chartered Accountants was mandatory. The absence of UDIN was grounds for rejection, and this requirement was repeatedly emphasized in the tender documents. - The Court criticized the Technical Evaluation Committee's reconsideration favoring Respondent No. 5 as unfair, arbitrary, and biased. It noted that the Committee's reliance on documents not meeting the UDIN requirement was illegal and overlooked the mandatory nature of the tender conditions.
Rejection of bid - requirement of uploading annual turnover certificate issued by the Chartered Accountant for the last five financial years bearing UDIN of Institute of Chartered Accountants of India (ICAI) - The Court found that the stipulation for submitting a five-year annual turnover certificate with UDIN by Chartered Accountants was mandatory. The absence of UDIN was grounds for rejection, and this requirement was repeatedly emphasized in the tender documents. - The Court criticized the Technical Evaluation Committee's reconsideration favoring Respondent No. 5 as unfair, arbitrary, and biased. It noted that the Committee's reliance on documents not meeting the UDIN requirement was illegal and overlooked the mandatory nature of the tender conditions.
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