Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
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 the petition challenging the Show Cause Notice (SCN) after finding the investigation was comprehensive and complex, involving multiple parties' misuse of duty drawback scheme. The court granted the petitioner 30 days to file a reply and directed a personal hearing, emphasizing that the SCN's timeline was reasonable given the investigation's extensive nature. The petition was disposed of with procedural directions for further proceedings in accordance with law.
HC dismissed the petition challenging the Show Cause Notice (SCN) after finding the investigation was comprehensive and complex, involving multiple parties' misuse of duty drawback scheme. The court granted the petitioner 30 days to file a reply and directed a personal hearing, emphasizing that the SCN's timeline was reasonable given the investigation's extensive nature. The petition was disposed of with procedural directions for further proceedings in accordance with law.
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