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 Enforcement Directorate has filed a case against a Flipkart-backed e-commerce platform and its related entities for allegedly violating Foreign Direct Investment (FDI) regulations by engaging in multi-brand retail trade under the guise of wholesale cash and carry, involving over Rs 1,654 crore. The agency found that the company received FDI while operating an inventory-based model, which is prohibited under current FDI policy that only permits marketplace models. The company sold most goods to a related entity, which then retailed to customers, effectively converting B2C transactions into B2B and then B2C, contravening the limit allowing only 25% sales to group companies. These actions are alleged to breach provisions of the Foreign Exchange Management Act and FDI guidelines. The accused entities have denied wrongdoing and stated their commitment to legal compliance and cooperation with authorities.
The Enforcement Directorate has filed a case against a Flipkart-backed e-commerce platform and its related entities for allegedly violating Foreign Direct Investment (FDI) regulations by engaging in multi-brand retail trade under the guise of wholesale cash and carry, involving over Rs 1,654 crore. The agency found that the company received FDI while operating an inventory-based model, which is prohibited under current FDI policy that only permits marketplace models. The company sold most goods to a related entity, which then retailed to customers, effectively converting B2C transactions into B2B and then B2C, contravening the limit allowing only 25% sales to group companies. These actions are alleged to breach provisions of the Foreign Exchange Management Act and FDI guidelines. The accused entities have denied wrongdoing and stated their commitment to legal compliance and cooperation with authorities.
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