Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
The SC set aside both the original bail order and subsequent modification order due to the petitioner's contradictory conduct regarding a Rs. 50,00,000 deposit condition. The petitioner initially offered the monetary deposit through counsel, secured bail modification allowing payment post-release, then repudiated the offer claiming counsel lacked authority and the condition was onerous. The Court held that while excessive bail constitutes no bail and onerous conditions should be avoided, parties cannot "approbate and reprobate" or manipulate judicial proceedings. The matter was remitted to the High Court for fresh consideration on merits. Despite the petitioner's conduct warranting re-incarceration, limited interim protection from surrender was granted. The Chief Justice of Madras HC was directed to place the matter before appropriate court by 30.06.2025. SLP disposed.
The SC set aside both the original bail order and subsequent modification order due to the petitioner's contradictory conduct regarding a Rs. 50,00,000 deposit condition. The petitioner initially offered the monetary deposit through counsel, secured bail modification allowing payment post-release, then repudiated the offer claiming counsel lacked authority and the condition was onerous. The Court held that while excessive bail constitutes no bail and onerous conditions should be avoided, parties cannot "approbate and reprobate" or manipulate judicial proceedings. The matter was remitted to the High Court for fresh consideration on merits. Despite the petitioner's conduct warranting re-incarceration, limited interim protection from surrender was granted. The Chief Justice of Madras HC was directed to place the matter before appropriate court by 30.06.2025. SLP disposed.
Note: It is a system-generated summary and is for quick reference only.