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 HC set aside the penalty of Rs.2,00,000 imposed by the impugned order dated 31 March 2025 on the petitioner in proceedings concerning alleged smuggling and baggage rule violations. The court found the petitioner-a young national-level athlete-was induced by a coach to carry the articles and, given the vulnerability and subordinate position, afforded the petitioner the benefit of the doubt. The HC annulled the penalty qua the petitioner, directed that the penalty demand shall not stigmatize or adversely affect the petitioner's future career prospects, recorded the petitioner's regret, and declared the matter closed insofar as the petitioner is concerned. Petition disposed.
The HC set aside the penalty of Rs.2,00,000 imposed by the impugned order dated 31 March 2025 on the petitioner in proceedings concerning alleged smuggling and baggage rule violations. The court found the petitioner-a young national-level athlete-was induced by a coach to carry the articles and, given the vulnerability and subordinate position, afforded the petitioner the benefit of the doubt. The HC annulled the penalty qua the petitioner, directed that the penalty demand shall not stigmatize or adversely affect the petitioner's future career prospects, recorded the petitioner's regret, and declared the matter closed insofar as the petitioner is concerned. Petition disposed.
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