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...
The Delhi High Court considered a case involving condonation of delay in re-filing a review petition. The reasons provided for the delay included counsel's indisposition and procedural formalities due to the Petitioner being a Government Department. The Court found the reason of verbatim copy inadequate but accepted counsel's ill health as a valid ground. The Court noted that the cash seized was not stock in trade for the taxpaying business of optical lenses. Ultimately, the Court allowed the application for condonation of delay in re-filing the review petition, as there were no grounds to review the order dated 22.08.2023.
The Delhi High Court considered a case involving condonation of delay in re-filing a review petition. The reasons provided for the delay included counsel's indisposition and procedural formalities due to the Petitioner being a Government Department. The Court found the reason of verbatim copy inadequate but accepted counsel's ill health as a valid ground. The Court noted that the cash seized was not stock in trade for the taxpaying business of optical lenses. Ultimately, the Court allowed the application for condonation of delay in re-filing the review petition, as there were no grounds to review the order dated 22.08.2023.
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