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 set aside the appellate authority's order dated 11th December, 2023 rejecting the petitioner's refund application. The court remanded the matter for fresh hearing, directing the appellate authority to conduct a de novo review within three weeks, assign a different officer, and provide the petitioner an opportunity to be heard. If the refund is found valid, the entire amount must be credited to the petitioner's ledger with appropriate statutory interest. The court criticized the respondents' procedural approach, highlighting the petitioner's registration restoration and subsequent refund claim's unjust rejection.
HC set aside the appellate authority's order dated 11th December, 2023 rejecting the petitioner's refund application. The court remanded the matter for fresh hearing, directing the appellate authority to conduct a de novo review within three weeks, assign a different officer, and provide the petitioner an opportunity to be heard. If the refund is found valid, the entire amount must be credited to the petitioner's ledger with appropriate statutory interest. The court criticized the respondents' procedural approach, highlighting the petitioner's registration restoration and subsequent refund claim's unjust rejection.
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