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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The SC invalidated a detention order under COFEPOSA Act, finding the detaining authority failed to apply its mind regarding the efficacy of bail conditions already imposed on the detenu. While acknowledging limited judicial review in preventive detention matters, the Court held that when criminal prosecution and preventive detention are based on identical allegations of organized smuggling, the detaining authority must specifically consider whether conditions imposed by the Magistrate while granting bail were sufficient to prevent further smuggling activities. The detention order's silence on this aspect rendered it legally unsustainable, despite the detenu's alleged involvement in smuggling contraband detrimental to national interest. Appeal allowed and detention order set aside.
The SC invalidated a detention order under COFEPOSA Act, finding the detaining authority failed to apply its mind regarding the efficacy of bail conditions already imposed on the detenu. While acknowledging limited judicial review in preventive detention matters, the Court held that when criminal prosecution and preventive detention are based on identical allegations of organized smuggling, the detaining authority must specifically consider whether conditions imposed by the Magistrate while granting bail were sufficient to prevent further smuggling activities. The detention order's silence on this aspect rendered it legally unsustainable, despite the detenu's alleged involvement in smuggling contraband detrimental to national interest. Appeal allowed and detention order set aside.
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