Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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Foreign convictions do not preclude domestic prosecution for distinct offenses in India. The HC rejected bail for the applicant charged with drug trafficking and money laundering offenses. While the applicant's prior US conviction can be recognized, it cannot directly enforce the foreign judgment. Corroborative evidence beyond statements made under coercion is required for prosecution. The alleged Bitcoin proceeds from the applicant's drug trafficking operations remain inaccessible due to missing passwords. The ED has identified funnel accounts used to receive drug proceeds which were transferred to Indian accounts, though not frozen under Sec 60(2).
Foreign convictions do not preclude domestic prosecution for distinct offenses in India. The HC rejected bail for the applicant charged with drug trafficking and money laundering offenses. While the applicant's prior US conviction can be recognized, it cannot directly enforce the foreign judgment. Corroborative evidence beyond statements made under coercion is required for prosecution. The alleged Bitcoin proceeds from the applicant's drug trafficking operations remain inaccessible due to missing passwords. The ED has identified funnel accounts used to receive drug proceeds which were transferred to Indian accounts, though not frozen under Sec 60(2).
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