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...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
SC granted bail to appellant charged under Section 3 of Prevention of Money Laundering Act after considering prolonged custody exceeding one year and likelihood of extended trial duration with 225 witnesses pending examination. Following precedent in V.Senthil Balaji case, court determined continued detention would violate Article 21 right to speedy trial. Distinguished from Kanhaiya Prasad case where different factual matrix existed. Appellant directed to appear before Special Court within one week for release on bail with conditions including regular court attendance, cooperation for expedited proceedings, and passport surrender. Special Court tasked with imposing appropriate terms to ensure compliance and case progression.
SC granted bail to appellant charged under Section 3 of Prevention of Money Laundering Act after considering prolonged custody exceeding one year and likelihood of extended trial duration with 225 witnesses pending examination. Following precedent in V.Senthil Balaji case, court determined continued detention would violate Article 21 right to speedy trial. Distinguished from Kanhaiya Prasad case where different factual matrix existed. Appellant directed to appear before Special Court within one week for release on bail with conditions including regular court attendance, cooperation for expedited proceedings, and passport surrender. Special Court tasked with imposing appropriate terms to ensure compliance and case progression.
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