Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
Writ petition challenging contravention of FEMA laws and penalty imposed held non-maintainable due to availability of alternative statutory remedies. Petitioner not granted immunity from adjudication proceedings initiated before insolvency resolution process. Exceptions for entertaining writ petitions like breach of fundamental rights or natural justice not applicable. Respondent authority possessed power to impose penalty. Mere withdrawal of recovery proceedings does not impact validity of penalty order. Writ petition dismissed as devoid of merits.
Writ petition challenging contravention of FEMA laws and penalty imposed held non-maintainable due to availability of alternative statutory remedies. Petitioner not granted immunity from adjudication proceedings initiated before insolvency resolution process. Exceptions for entertaining writ petitions like breach of fundamental rights or natural justice not applicable. Respondent authority possessed power to impose penalty. Mere withdrawal of recovery proceedings does not impact validity of penalty order. Writ petition dismissed as devoid of merits.
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