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...
The HC held that the cancellation of the petitioner's registration was invalid due to violation of natural justice, specifically the failure to grant an opportunity of hearing and non-application of mind. Despite the petitioner submitting a reply, the order incorrectly stated no reply was received, indicating a lack of proper consideration. The court found the impugned order arbitrary and not meeting the standards of Article 14 of the Constitution. Consequently, the HC quashed the cancellation order and allowed the petition.
The HC held that the cancellation of the petitioner's registration was invalid due to violation of natural justice, specifically the failure to grant an opportunity of hearing and non-application of mind. Despite the petitioner submitting a reply, the order incorrectly stated no reply was received, indicating a lack of proper consideration. The court found the impugned order arbitrary and not meeting the standards of Article 14 of the Constitution. Consequently, the HC quashed the cancellation order and allowed the petition.
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