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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SC held that the HC's exercise of supervisory jurisdiction under Article 227 was improper. The power is fundamentally supervisory and must be sparingly invoked only in cases of apparent jurisdictional errors or grave injustice. By rejecting the plaint prematurely, the HC effectively usurped the trial court's original jurisdiction and negated the appellant's statutory right of appeal. The court emphasized that procedural safeguards are critical to the rule of law, and short-circuiting established legal procedures undermines judicial consistency. The HC's order was set aside, restoring the standard adjudicatory process and preserving procedural integrity.
SC held that the HC's exercise of supervisory jurisdiction under Article 227 was improper. The power is fundamentally supervisory and must be sparingly invoked only in cases of apparent jurisdictional errors or grave injustice. By rejecting the plaint prematurely, the HC effectively usurped the trial court's original jurisdiction and negated the appellant's statutory right of appeal. The court emphasized that procedural safeguards are critical to the rule of law, and short-circuiting established legal procedures undermines judicial consistency. The HC's order was set aside, restoring the standard adjudicatory process and preserving procedural integrity.
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