Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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The HC dismissed the petitioner's application for regular bail under the PMLA, finding a prima facie case of money laundering linked to commission received as bribes for tender allotments. The petitioner, a former Cabinet Minister, was implicated through evidence showing a 1.35% commission share routed via his personal secretary. Statements recorded under Section 50 of the PMLA were held admissible and strongly implicated the petitioner. The Court emphasized the stringent twin conditions under Section 45 of the PMLA for bail, requiring reasonable grounds to believe the accused is not guilty and unlikely to reoffend, which were not met. The principle of parity was rejected as the petitioner's involvement was distinguishable and more direct than co-accused who had been granted bail. The Court concurred with the trial court's view that no exceptional circumstances justified bail, concluding the petitioner failed to establish entitlement to bail.
The HC dismissed the petitioner's application for regular bail under the PMLA, finding a prima facie case of money laundering linked to commission received as bribes for tender allotments. The petitioner, a former Cabinet Minister, was implicated through evidence showing a 1.35% commission share routed via his personal secretary. Statements recorded under Section 50 of the PMLA were held admissible and strongly implicated the petitioner. The Court emphasized the stringent twin conditions under Section 45 of the PMLA for bail, requiring reasonable grounds to believe the accused is not guilty and unlikely to reoffend, which were not met. The principle of parity was rejected as the petitioner's involvement was distinguishable and more direct than co-accused who had been granted bail. The Court concurred with the trial court's view that no exceptional circumstances justified bail, concluding the petitioner failed to establish entitlement to bail.
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