SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Bail application dismissed in a case involving seizure of commercial quantity of contraband. Key issues: improper sampling procedure found acceptable; delay in filing Section 52A application not prejudicial at this stage; defective notice u/s 50 NDPS Act noted but not determinative; delay in trial not prolonged enough to warrant bail. Considering the large quantity seized, stringent conditions of Section 37 NDPS Act not met for bail. Trial to proceed expeditiously, applicant can reapply if further delays occur.
Bail application dismissed in a case involving seizure of commercial quantity of contraband. Key issues: improper sampling procedure found acceptable; delay in filing Section 52A application not prejudicial at this stage; defective notice u/s 50 NDPS Act noted but not determinative; delay in trial not prolonged enough to warrant bail. Considering the large quantity seized, stringent conditions of Section 37 NDPS Act not met for bail. Trial to proceed expeditiously, applicant can reapply if further delays occur.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4879 
