Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Notice u/s 148 issued to a non-existent entity due to merger. ITAT held such notice illegal, invalid and non-est as per Bombay HC in Uber India Systems Pvt. Ltd. Despite Revenue's contention that it was a curable defect u/s 292B, ITAT decided in favor of the assessee, ruling the assessment invalid since notice was issued to a non-existing entity after being informed of the merger.
Notice u/s 148 issued to a non-existent entity due to merger. ITAT held such notice illegal, invalid and non-est as per Bombay HC in Uber India Systems Pvt. Ltd. Despite Revenue's contention that it was a curable defect u/s 292B, ITAT decided in favor of the assessee, ruling the assessment invalid since notice was issued to a non-existing entity after being informed of the merger.
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