Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Failure to supply relevant relied upon documents at the time of issuing show cause notice (SCN) impinges upon principles of natural justice by denying effective opportunity to respond. Providing underlying documents forming basis of SCN is imperative to enable efficacious reply. Bank directed to furnish investigation report, stock and receivables audit report with annexures to allow petitioner to make effective reply to SCN categorizing account as "fraud" under RBI guidelines.
Failure to supply relevant relied upon documents at the time of issuing show cause notice (SCN) impinges upon principles of natural justice by denying effective opportunity to respond. Providing underlying documents forming basis of SCN is imperative to enable efficacious reply. Bank directed to furnish investigation report, stock and receivables audit report with annexures to allow petitioner to make effective reply to SCN categorizing account as "fraud" under RBI guidelines.
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