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 disposed of the writ petition and directed the Transport Commissioner to consider the petitioner's letter dated 12.06.2025 and, within four weeks of production of a certified copy of this order, to communicate to the petitioner any discrepancies found in the contractor's performance and the necessity for deductions from the petitioner's bills. The communication must specify detailed reasons and the factual and contractual basis for concluding that deductions are warranted. The writ is disposed of subject to compliance with this direction, with liberty to the petitioner to challenge the Commissioner's communicated findings by appropriate proceedings if aggrieved.
The HC disposed of the writ petition and directed the Transport Commissioner to consider the petitioner's letter dated 12.06.2025 and, within four weeks of production of a certified copy of this order, to communicate to the petitioner any discrepancies found in the contractor's performance and the necessity for deductions from the petitioner's bills. The communication must specify detailed reasons and the factual and contractual basis for concluding that deductions are warranted. The writ is disposed of subject to compliance with this direction, with liberty to the petitioner to challenge the Commissioner's communicated findings by appropriate proceedings if aggrieved.
Note: It is a system-generated summary and is for quick reference only.