Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
HC dismissed the writ petition after finding no violation of natural justice principles. The petitioner was aware of the ongoing investigation but failed to file a reply or provide justification for sales invoices. The court noted the petitioner's lack of bona fides and absence of substantive response to departmental notices. While declining to entertain the writ petition, the court preserved the petitioner's right to pursue appellate remedies under Section 107 of CGST Act. The decision emphasizes that extraordinary judicial intervention is unwarranted when standard procedural mechanisms remain available and the party has not demonstrated procedural prejudice.
HC dismissed the writ petition after finding no violation of natural justice principles. The petitioner was aware of the ongoing investigation but failed to file a reply or provide justification for sales invoices. The court noted the petitioner's lack of bona fides and absence of substantive response to departmental notices. While declining to entertain the writ petition, the court preserved the petitioner's right to pursue appellate remedies under Section 107 of CGST Act. The decision emphasizes that extraordinary judicial intervention is unwarranted when standard procedural mechanisms remain available and the party has not demonstrated procedural prejudice.
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