Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Statutory sanction for delayed reassessment requires approval from the prescribed authority; approval by an inferior authority invalidates jurisdictio...
Transfer pricing margin adjustments require matching treatment of non-operating income and related costs, with comparability issues reconsidered on ev...
Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
HC granted a 90-day extension to the Company for listing shares on the nationwide stock exchange, overriding SEBI's earlier orders. The ruling emphasized courts should adopt a liberal approach in time extension matters rather than a pedantic stance. The decision considered that no shareholders had raised grievances, and the Company provided reasonable explanations for previous delays, which SEBI and NSE had accepted until 30.09.2023. The extension was granted under Article 226, with the condition that failure to comply within the stipulated timeframe would result in reinstatement of SEBI's original orders. The judgment prioritized shareholder protection while balancing regulatory compliance requirements.
HC granted a 90-day extension to the Company for listing shares on the nationwide stock exchange, overriding SEBI's earlier orders. The ruling emphasized courts should adopt a liberal approach in time extension matters rather than a pedantic stance. The decision considered that no shareholders had raised grievances, and the Company provided reasonable explanations for previous delays, which SEBI and NSE had accepted until 30.09.2023. The extension was granted under Article 226, with the condition that failure to comply within the stipulated timeframe would result in reinstatement of SEBI's original orders. The judgment prioritized shareholder protection while balancing regulatory compliance requirements.
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