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...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
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Dishonour of Cheque - insufficient funds - discharge of legal liability - A scenarios involving financial transactions with potentially fraudulent undertones - The High court noted that this presumption is rebuttable and that the defense had successfully cast doubt on the existence of the alleged debt. - Significant to this case was the finding on the financial capacity of the petitioner. Evidence and circumstances suggested that the petitioner’s financial status was inconsistent with the ability to lend the amounts claimed. - The High Court upheld the appellate court’s decision to acquit the accused, emphasizing the lack of concrete evidence on the petitioner's ability to lend such an amount and the improbability of the debt’s existence.
Dishonour of Cheque - insufficient funds - discharge of legal liability - A scenarios involving financial transactions with potentially fraudulent undertones - The High court noted that this presumption is rebuttable and that the defense had successfully cast doubt on the existence of the alleged debt. - Significant to this case was the finding on the financial capacity of the petitioner. Evidence and circumstances suggested that the petitioner’s financial status was inconsistent with the ability to lend the amounts claimed. - The High Court upheld the appellate court’s decision to acquit the accused, emphasizing the lack of concrete evidence on the petitioner's ability to lend such an amount and the improbability of the debt’s existence.
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