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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HC allowed compounding of offence under Section 138 of Negotiable Instruments Act, 1881, following mutual settlement between petitioner-accused and complainant. The Court exercised discretion under Section 147, overriding general CrPC provisions, and accepted the compromise deed. The impugned judgment of conviction and sentencing order were quashed, effectively acquitting the petitioner-accused. The Court emphasized that compounding is permissible even post-conviction when both parties mutually agree to settlement, consistent with precedential guidelines from apex judicial interpretations.
HC allowed compounding of offence under Section 138 of Negotiable Instruments Act, 1881, following mutual settlement between petitioner-accused and complainant. The Court exercised discretion under Section 147, overriding general CrPC provisions, and accepted the compromise deed. The impugned judgment of conviction and sentencing order were quashed, effectively acquitting the petitioner-accused. The Court emphasized that compounding is permissible even post-conviction when both parties mutually agree to settlement, consistent with precedential guidelines from apex judicial interpretations.
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