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 granted anticipatory bail to the petitioner, a proprietor, and allowed the petition and bail application, directing the S.H.O. or any arresting officer to release the petitioner on bail upon arrest subject to compliance with the conditions imposed by the Court. The petitioner, not originally arrayed as an accused, was implicated in allegations of conspiracy and preparation of forged e-way bills, lorry receipts and delivery challans to claim Input Tax Credit without movement of goods; other accused have been apprehended. The Court noted that concerned proprietors have paid statutory penalties. Relief is conditioned on observance of the stipulated bail terms and any ancillary directives of the HC.
The HC granted anticipatory bail to the petitioner, a proprietor, and allowed the petition and bail application, directing the S.H.O. or any arresting officer to release the petitioner on bail upon arrest subject to compliance with the conditions imposed by the Court. The petitioner, not originally arrayed as an accused, was implicated in allegations of conspiracy and preparation of forged e-way bills, lorry receipts and delivery challans to claim Input Tax Credit without movement of goods; other accused have been apprehended. The Court noted that concerned proprietors have paid statutory penalties. Relief is conditioned on observance of the stipulated bail terms and any ancillary directives of the HC.
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