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 adjudicated a tax dispute involving procedural challenges to bank account attachment under CGST Act. The court determined that subsequent appellate proceedings and Supreme Court's prior intervention rendered the original bank account freezing order unsustainable. Given the petitioner's utilization of statutory appellate remedies under Section 107 and the progression of underlying show cause notice proceedings, the court ruled to automatically lift the bank account attachment order dated 28th May, 2024. The petition was consequently disposed of, effectively restoring the petitioner's financial operational capacity.
HC adjudicated a tax dispute involving procedural challenges to bank account attachment under CGST Act. The court determined that subsequent appellate proceedings and Supreme Court's prior intervention rendered the original bank account freezing order unsustainable. Given the petitioner's utilization of statutory appellate remedies under Section 107 and the progression of underlying show cause notice proceedings, the court ruled to automatically lift the bank account attachment order dated 28th May, 2024. The petition was consequently disposed of, effectively restoring the petitioner's financial operational capacity.
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