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...
Petitioners evaded tax and failed to conduct self-assessment. Despite being served in 2022, they did not inform the court about tax payment in 2018 and sought discharge. Instead, they approached the High Court after two years of receiving summons. Petitioners granted liberty to file discharge application with evidence of 2018 tax payment before the magistrate. Magistrate directed to decide expeditiously. Non-bailable warrant against petitioner no. 2 not to be executed till the next date. High Court's directions on the matter.
Petitioners evaded tax and failed to conduct self-assessment. Despite being served in 2022, they did not inform the court about tax payment in 2018 and sought discharge. Instead, they approached the High Court after two years of receiving summons. Petitioners granted liberty to file discharge application with evidence of 2018 tax payment before the magistrate. Magistrate directed to decide expeditiously. Non-bailable warrant against petitioner no. 2 not to be executed till the next date. High Court's directions on the matter.
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