Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termina...
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The court held that mere suspicion against the respondent, a bank official, is not enough to frame charges in a case involving alleged conspiracy and misconduct in sanctioning credit facilities to a company. The proposal went through various committees, including the Loan Advisory Committee, and was approved by higher authorities like the Chief General Manager (Credit) and Executive Director. The respondent's role was limited to signing the memorandum after it was approved by others. The fact that the proposal was processed quickly does not constitute an offense. No material evidence showed any accused other than bank officials met the respondent before sanction. Based on the charge sheet material, the respondent's complicity was not established, and the court dismissed the appeal against the impugned order.
The court held that mere suspicion against the respondent, a bank official, is not enough to frame charges in a case involving alleged conspiracy and misconduct in sanctioning credit facilities to a company. The proposal went through various committees, including the Loan Advisory Committee, and was approved by higher authorities like the Chief General Manager (Credit) and Executive Director. The respondent's role was limited to signing the memorandum after it was approved by others. The fact that the proposal was processed quickly does not constitute an offense. No material evidence showed any accused other than bank officials met the respondent before sanction. Based on the charge sheet material, the respondent's complicity was not established, and the court dismissed the appeal against the impugned order.
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