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...
A GST inspector was arrested by the state vigilance bureau in Una after being caught accepting a Rs 50,000 bribe from a battery supplier who had filed a false return of Rs 5-6 lakh; the inspector allegedly demanded Rs 1.5 lakh to settle the matter, later negotiating to Rs 1.25 lakh. The supplier reported the extortion to the vigilance bureau, which conducted a sting at the inspector's GST office, seized the cash and effected the arrest. The matter raises potential charges of bribery, corruption and abuse of official position pending further investigation.
A GST inspector was arrested by the state vigilance bureau in Una after being caught accepting a Rs 50,000 bribe from a battery supplier who had filed a false return of Rs 5-6 lakh; the inspector allegedly demanded Rs 1.5 lakh to settle the matter, later negotiating to Rs 1.25 lakh. The supplier reported the extortion to the vigilance bureau, which conducted a sting at the inspector's GST office, seized the cash and effected the arrest. The matter raises potential charges of bribery, corruption and abuse of official position pending further investigation.
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