Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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Grant of Regular Bail - fraudulent passing of Input Tax Credit without actual supply of goods - While acknowledging the seriousness of the charges, the court noted the absence of concrete evidence supporting the prosecution's claim that the petitioner might tamper with witnesses. It cautioned against denying bail solely based on the severity of the accusations. The court stressed the discretionary nature of bail jurisdiction, urging careful consideration of individual rights and societal interests. The court imposed specific conditions on the petitioner's bail.
Grant of Regular Bail - fraudulent passing of Input Tax Credit without actual supply of goods - While acknowledging the seriousness of the charges, the court noted the absence of concrete evidence supporting the prosecution's claim that the petitioner might tamper with witnesses. It cautioned against denying bail solely based on the severity of the accusations. The court stressed the discretionary nature of bail jurisdiction, urging careful consideration of individual rights and societal interests. The court imposed specific conditions on the petitioner's bail.
Note: It is a system-generated summary and is for quick reference only.