Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Statutory sanction for delayed reassessment requires approval from the prescribed authority; approval by an inferior authority invalidates jurisdictio...
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Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
The HC grants the petitioner bail on execution of a bond of Rs.100,000 with a like surety, subject to satisfaction of the CJM and compliance with imposed conditions. The court held that the alleged offence attracts a maximum sentence of five years and that statutory safeguards under BNSS required issuance of notice under Section 35(3) or, if dispensed with, a written satisfaction recording reasons as mandatorily required by Section 35(1)(b)(ii); the impugned arrest authorization failed to state such reasons. The court applied Apex Court arrest guidelines for offences punishable up to seven years and affirmed concurrent High Court jurisdiction to entertain the bail petition.
The HC grants the petitioner bail on execution of a bond of Rs.100,000 with a like surety, subject to satisfaction of the CJM and compliance with imposed conditions. The court held that the alleged offence attracts a maximum sentence of five years and that statutory safeguards under BNSS required issuance of notice under Section 35(3) or, if dispensed with, a written satisfaction recording reasons as mandatorily required by Section 35(1)(b)(ii); the impugned arrest authorization failed to state such reasons. The court applied Apex Court arrest guidelines for offences punishable up to seven years and affirmed concurrent High Court jurisdiction to entertain the bail petition.
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