Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
The HC dismissed the petition and upheld the trial court's order directing refund of the Rs.1,00,000 deposited under s.143A of the N.I. Act to the accused/appellant. The appellate court had set aside the conviction and compensation order, leaving no subsisting order against the accused; consequently the deposited amount cannot be retained or adjusted as interim compensation in a fresh complaint filed under s.142(1)(b) of the N.I. Act absent any interlocutory order granting such relief. The HC found no perversity or illegality in the trial court's reasoning and declined to interfere, affirming the accused's right to refund and dismissing the petition.
The HC dismissed the petition and upheld the trial court's order directing refund of the Rs.1,00,000 deposited under s.143A of the N.I. Act to the accused/appellant. The appellate court had set aside the conviction and compensation order, leaving no subsisting order against the accused; consequently the deposited amount cannot be retained or adjusted as interim compensation in a fresh complaint filed under s.142(1)(b) of the N.I. Act absent any interlocutory order granting such relief. The HC found no perversity or illegality in the trial court's reasoning and declined to interfere, affirming the accused's right to refund and dismissing the petition.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4794
Join Channel
TaxTMI 
