Customs Broker association membership becomes mandatory in the operating jurisdiction, with exclusive membership and limited compliance-time relaxatio...
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...
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The HC dismissed the petition under Article 226, holding that no enforceable legitimate expectation arose because the respondent-bank had produced no governing OTS policy or consistent express promise; consequently the court would not compel disclosure of an alleged changing benchmark or direct acceptance of the petitioner's OTS. While noting that a bank may qualify as a "State" under Article 12 and that discriminatory deviations from RBI guidelines could implicate Article 14, the court found no demonstrable policy breach here and deferred to the respondent-bank's commercial wisdom to assess recoverability and OTS suitability. Relief sought to mandate disclosure and dictate settlement terms was therefore refused.
The HC dismissed the petition under Article 226, holding that no enforceable legitimate expectation arose because the respondent-bank had produced no governing OTS policy or consistent express promise; consequently the court would not compel disclosure of an alleged changing benchmark or direct acceptance of the petitioner's OTS. While noting that a bank may qualify as a "State" under Article 12 and that discriminatory deviations from RBI guidelines could implicate Article 14, the court found no demonstrable policy breach here and deferred to the respondent-bank's commercial wisdom to assess recoverability and OTS suitability. Relief sought to mandate disclosure and dictate settlement terms was therefore refused.
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