Functional comparability under TNMM supported exclusion of ITeS comparables with R&D, intangibles, diversified operations, or unavailable segmental da...
Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Willful Defaulters - The Calcutta High Court, in its judgement, set aside and quashed the decisions of both the First Committee and the Review Committee (RC) declaring the petitioners as willful defaulters. The Court found that the reliance on the Transaction Audit Report (TAR) was legally untenable, as the report itself was inconclusive and rejected in related legal proceedings. The procedural lapses by the RC in not providing a reasoned order further vitiated its decision.
Willful Defaulters - The Calcutta High Court, in its judgement, set aside and quashed the decisions of both the First Committee and the Review Committee (RC) declaring the petitioners as willful defaulters. The Court found that the reliance on the Transaction Audit Report (TAR) was legally untenable, as the report itself was inconclusive and rejected in related legal proceedings. The procedural lapses by the RC in not providing a reasoned order further vitiated its decision.
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