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 DSC granted anticipatory bail to the applicant accused, a partner of M/s Essar Impex LLP, in a case involving alleged under-valuation of imported inshell walnuts to evade customs duty. The court noted that the summons issued pertained to tendering oral evidence and acknowledged the applicant's advanced age and medical condition supported by recent documentation. While recognizing the seriousness of the offence and potential risks of witness tampering, the court balanced the need for a fair investigation against preventing harassment and unjustified detention. On evaluating the material, the court found no necessity for the applicant's custodial presence at this stage. Consequently, the anticipatory bail application was allowed, ensuring the accused's protection from arrest without impeding the investigatory process.
The DSC granted anticipatory bail to the applicant accused, a partner of M/s Essar Impex LLP, in a case involving alleged under-valuation of imported inshell walnuts to evade customs duty. The court noted that the summons issued pertained to tendering oral evidence and acknowledged the applicant's advanced age and medical condition supported by recent documentation. While recognizing the seriousness of the offence and potential risks of witness tampering, the court balanced the need for a fair investigation against preventing harassment and unjustified detention. On evaluating the material, the court found no necessity for the applicant's custodial presence at this stage. Consequently, the anticipatory bail application was allowed, ensuring the accused's protection from arrest without impeding the investigatory process.
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