Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
HC dismissed petition challenging lower court's order allowing respondent to summon GST Department witness. Court held that since GST records were not in respondent's possession, they could rightfully request witness testimony, subject to Rs. 3,000/- costs. The principle of plaintiff's burden of proof was upheld, affirming their discretion to determine necessary witnesses and documentation. While irrelevant evidence would be disregarded, the Court maintained that plaintiffs cannot be denied their right to present their case as they deem appropriate during the evidentiary stage. The ruling emphasizes procedural fairness in evidence gathering despite potential relevancy concerns.
HC dismissed petition challenging lower court's order allowing respondent to summon GST Department witness. Court held that since GST records were not in respondent's possession, they could rightfully request witness testimony, subject to Rs. 3,000/- costs. The principle of plaintiff's burden of proof was upheld, affirming their discretion to determine necessary witnesses and documentation. While irrelevant evidence would be disregarded, the Court maintained that plaintiffs cannot be denied their right to present their case as they deem appropriate during the evidentiary stage. The ruling emphasizes procedural fairness in evidence gathering despite potential relevancy concerns.
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