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 Madras High Court addressed a case involving a direction for recredit or refund of amounts recovered u/s assessment orders. The court found that the respondents did not adequately justify the use of the proviso to Section 78, entitling the petitioner to a refund. The petition was allowed, directing the first respondent to refund or recredit the amount to the petitioner's Electronic Cash or Credit Ledgers within one month from the date of the order.
The Madras High Court addressed a case involving a direction for recredit or refund of amounts recovered u/s assessment orders. The court found that the respondents did not adequately justify the use of the proviso to Section 78, entitling the petitioner to a refund. The petition was allowed, directing the first respondent to refund or recredit the amount to the petitioner's Electronic Cash or Credit Ledgers within one month from the date of the order.
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