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...
The HC quashed and set aside a show-cause notice issued by Bank of India based on a Forensic Audit Report (FAR) prepared by BDO India LLP, as the petitioner was not provided a copy of the report, violating principles of natural justice. The Bank was permitted to withdraw the impugned notice and all consequential proceedings/actions, with liberty to initiate fresh proceedings against the petitioner. The petitioner retains the right to raise all objections in response to any fresh show-cause notice, including challenging the partiality of the FAR. The Bank was directed to communicate the withdrawal to the petitioner within 72 hours.
The HC quashed and set aside a show-cause notice issued by Bank of India based on a Forensic Audit Report (FAR) prepared by BDO India LLP, as the petitioner was not provided a copy of the report, violating principles of natural justice. The Bank was permitted to withdraw the impugned notice and all consequential proceedings/actions, with liberty to initiate fresh proceedings against the petitioner. The petitioner retains the right to raise all objections in response to any fresh show-cause notice, including challenging the partiality of the FAR. The Bank was directed to communicate the withdrawal to the petitioner within 72 hours.
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