SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
HC upheld condition imposed by Sessions Judge requiring applicant to deposit 20% of fine amount u/s 148 of NI Act. Relying on SC's observations in Ashok Kumar v. State of Uttarakhand, HC held appellate court may impose deposit condition u/s 148, except where unjust or depriving accused's right to appeal. HC found no special circumstance warranting exception in applicant's case. Application dismissed.
HC upheld condition imposed by Sessions Judge requiring applicant to deposit 20% of fine amount u/s 148 of NI Act. Relying on SC's observations in Ashok Kumar v. State of Uttarakhand, HC held appellate court may impose deposit condition u/s 148, except where unjust or depriving accused's right to appeal. HC found no special circumstance warranting exception in applicant's case. Application dismissed.
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TaxTMI 
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