Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
HC denied registration u/s 12A due to inconsistent and contradictory explanations for delayed application. The appellant's arguments regarding work rush and exemption threshold were deemed unconvincing and mutually contradictory. The court found the justifications insufficient to substantiate the delay in seeking registration. Despite attempts to explain the late filing, the appellant failed to provide cogent reasons that would warrant retrospective registration or condonation of delay. Consequently, the HC upheld the lower tribunal's decision and dismissed the appeal, maintaining the rejection of registration under Section 12A.
HC denied registration u/s 12A due to inconsistent and contradictory explanations for delayed application. The appellant's arguments regarding work rush and exemption threshold were deemed unconvincing and mutually contradictory. The court found the justifications insufficient to substantiate the delay in seeking registration. Despite attempts to explain the late filing, the appellant failed to provide cogent reasons that would warrant retrospective registration or condonation of delay. Consequently, the HC upheld the lower tribunal's decision and dismissed the appeal, maintaining the rejection of registration under Section 12A.
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