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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HC remanded a disciplinary matter back to the Appellate Authority concerning a chartered accountant accused of 'other misconduct' under the Chartered Accountants Act, 1949 for dishonored cheques. While the appellant initially failed to contest the Board of Discipline's findings during the original hearing, the Court determined that given the significant professional implications, procedural fairness required granting him an opportunity to challenge the misconduct findings on merits. The Court noted that whether dishonored cheques constitute 'other misconduct' requires case-specific analysis of context and circumstances. The matter was remanded for reconsideration of both original and supplementary appeals within four weeks, as the BoD's guilty verdict appeared to inadequately consider the appellant's explanation regarding loan repayment.
HC remanded a disciplinary matter back to the Appellate Authority concerning a chartered accountant accused of 'other misconduct' under the Chartered Accountants Act, 1949 for dishonored cheques. While the appellant initially failed to contest the Board of Discipline's findings during the original hearing, the Court determined that given the significant professional implications, procedural fairness required granting him an opportunity to challenge the misconduct findings on merits. The Court noted that whether dishonored cheques constitute 'other misconduct' requires case-specific analysis of context and circumstances. The matter was remanded for reconsideration of both original and supplementary appeals within four weeks, as the BoD's guilty verdict appeared to inadequately consider the appellant's explanation regarding loan repayment.
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