Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Dishonour of Cheque - Grant of Bail - Mandate to deposit of a minimum of twenty percent of the fine or compensation awarded by the trial court - While acknowledging the discretionary language of "may" in Section 148, the High Court interpreted it as a rule rather than an exception, aligning with the legislative intent to expedite legal proceedings. The High Court referenced previous Supreme Court judgments to support its interpretation of Section 148, emphasizing the necessity of complying with the legislative intent to prevent delays in cheque dishonor cases. - Consequently, the High Court modified the appellate court's order, directing the petitioner to deposit twenty percent of the fine imposed by the trial court within sixty days.
Dishonour of Cheque - Grant of Bail - Mandate to deposit of a minimum of twenty percent of the fine or compensation awarded by the trial court - While acknowledging the discretionary language of "may" in Section 148, the High Court interpreted it as a rule rather than an exception, aligning with the legislative intent to expedite legal proceedings. The High Court referenced previous Supreme Court judgments to support its interpretation of Section 148, emphasizing the necessity of complying with the legislative intent to prevent delays in cheque dishonor cases. - Consequently, the High Court modified the appellate court's order, directing the petitioner to deposit twenty percent of the fine imposed by the trial court within sixty days.
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