Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Levy of maximum penalty - penalty imposed on the basis of technical error - non downloading of E-way Bill-01 - The Allahabad High Court reviewed the matter and set aside the penalty. - The technical error in not downloading the E-way Bill-01 was deemed unintentional. The court relied on Division Bench judgments, particularly citing the case of Harley Foods Products Ltd. This precedent emphasized that penalties should not be imposed when there is no deliberate evasion of tax.
Levy of maximum penalty - penalty imposed on the basis of technical error - non downloading of E-way Bill-01 - The Allahabad High Court reviewed the matter and set aside the penalty. - The technical error in not downloading the E-way Bill-01 was deemed unintentional. The court relied on Division Bench judgments, particularly citing the case of Harley Foods Products Ltd. This precedent emphasized that penalties should not be imposed when there is no deliberate evasion of tax.
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