Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
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SC upheld the Tribunal's compensation award in a motor accident death claim, restoring Rs. 58,24,000/- for father and Rs. 93,61,000/- for mother against claimed amounts of Rs. 1 crore each. The court endorsed Tribunal's assessment of Rs. 60,000/- monthly income for each deceased parent as reasonable, rejecting appellants' claims of higher earnings (Rs. 25 lakh and Rs. 20 lakh annually). The decision considered business succession limitations, noting that heirs' inexperience could affect future earnings. The court relied on established precedent regarding Income Tax Returns as reliable evidence for income assessment. HC's judgment was overturned for deviating from settled legal principles.
SC upheld the Tribunal's compensation award in a motor accident death claim, restoring Rs. 58,24,000/- for father and Rs. 93,61,000/- for mother against claimed amounts of Rs. 1 crore each. The court endorsed Tribunal's assessment of Rs. 60,000/- monthly income for each deceased parent as reasonable, rejecting appellants' claims of higher earnings (Rs. 25 lakh and Rs. 20 lakh annually). The decision considered business succession limitations, noting that heirs' inexperience could affect future earnings. The court relied on established precedent regarding Income Tax Returns as reliable evidence for income assessment. HC's judgment was overturned for deviating from settled legal principles.
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