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 held that a public servant cannot be prosecuted for criminal conspiracy under Section 120-B IPC when sanction for prosecution under the Prevention of Corruption Act has been expressly declined. The court determined that attempting to prosecute for conspiracy alone, when the underlying offence is legally non-prosecutable, constitutes a colourable exercise of power. The prosecution's attempt to circumvent statutory protections by invoking conspiracy charges without substantive evidence was deemed improper. Consequently, the court quashed the summoning order, affirming that procedural safeguards protecting public servants cannot be indirectly undermined through conspiracy charges when direct prosecution is statutorily prohibited.
HC held that a public servant cannot be prosecuted for criminal conspiracy under Section 120-B IPC when sanction for prosecution under the Prevention of Corruption Act has been expressly declined. The court determined that attempting to prosecute for conspiracy alone, when the underlying offence is legally non-prosecutable, constitutes a colourable exercise of power. The prosecution's attempt to circumvent statutory protections by invoking conspiracy charges without substantive evidence was deemed improper. Consequently, the court quashed the summoning order, affirming that procedural safeguards protecting public servants cannot be indirectly undermined through conspiracy charges when direct prosecution is statutorily prohibited.
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