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Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
HC dismissed multiple writ petitions challenging customs license rejection and cancellation orders. The court held that since the Customs Act, 1962 provides an adequate statutory remedy through appeals, the writ petitions under Article 226 were not maintainable. The court referenced precedents emphasizing that when a specific statutory appeal mechanism exists, judicial review through writ jurisdiction is inappropriate. Consequently, all petitions were dismissed, with petitioners directed to utilize statutory appeal mechanisms if adverse orders are passed.
HC dismissed multiple writ petitions challenging customs license rejection and cancellation orders. The court held that since the Customs Act, 1962 provides an adequate statutory remedy through appeals, the writ petitions under Article 226 were not maintainable. The court referenced precedents emphasizing that when a specific statutory appeal mechanism exists, judicial review through writ jurisdiction is inappropriate. Consequently, all petitions were dismissed, with petitioners directed to utilize statutory appeal mechanisms if adverse orders are passed.
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