Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Statutory sanction for delayed reassessment requires approval from the prescribed authority; approval by an inferior authority invalidates jurisdictio...
Transfer pricing margin adjustments require matching treatment of non-operating income and related costs, with comparability issues reconsidered on ev...
Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
SC allowed the appeal, setting aside the HC's order quashing criminal proceedings under Section 138 of the Negotiable Instruments Act. The Court found sufficient averments to invoke vicarious liability against the non-executive director under Section 141. The complaint's allegations regarding the director's responsibility for day-to-day affairs of the company were deemed adequate to proceed with the criminal case. The original process order was restored, directing the Metropolitan Magistrate to continue proceedings in accordance with law.
SC allowed the appeal, setting aside the HC's order quashing criminal proceedings under Section 138 of the Negotiable Instruments Act. The Court found sufficient averments to invoke vicarious liability against the non-executive director under Section 141. The complaint's allegations regarding the director's responsibility for day-to-day affairs of the company were deemed adequate to proceed with the criminal case. The original process order was restored, directing the Metropolitan Magistrate to continue proceedings in accordance with law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
