Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
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The HC condoned a one-day delay in filing an appeal against an ex parte assessment order, which was originally due on a Sunday, a public holiday. The petitioner filed the appeal the following day, exceeding the prescribed period by one day. The respondent rejected the appeal for being time-barred. The HC found the reason for the delay genuine and held that the delay warranted condonation. Consequently, the rejection order was set aside, and the delay was formally condoned, allowing the appeal to proceed. The petition was disposed accordingly.
The HC condoned a one-day delay in filing an appeal against an ex parte assessment order, which was originally due on a Sunday, a public holiday. The petitioner filed the appeal the following day, exceeding the prescribed period by one day. The respondent rejected the appeal for being time-barred. The HC found the reason for the delay genuine and held that the delay warranted condonation. Consequently, the rejection order was set aside, and the delay was formally condoned, allowing the appeal to proceed. The petition was disposed accordingly.
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