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...
HC dismissed petition challenging prosecution for smuggling foreign-made cigarettes disguised as electronic goods. The court held that the Additional Director General was a competent authority to grant prosecution sanction, and the case was not barred by limitation under Section 468 Cr.P.C. since the potential sentence exceeded three years. The petitioners' arguments regarding circular interpretation and jurisdictional challenge were rejected. While the petition was dismissed, the court preserved the petitioners' right to pursue alternative legal remedies under criminal procedure.
HC dismissed petition challenging prosecution for smuggling foreign-made cigarettes disguised as electronic goods. The court held that the Additional Director General was a competent authority to grant prosecution sanction, and the case was not barred by limitation under Section 468 Cr.P.C. since the potential sentence exceeded three years. The petitioners' arguments regarding circular interpretation and jurisdictional challenge were rejected. While the petition was dismissed, the court preserved the petitioners' right to pursue alternative legal remedies under criminal procedure.
Note: It is a system-generated summary and is for quick reference only.