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...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
HC suspended the operation of the impugned Look-Out Circular against the anonymous petitioner (a U.S. national and Swiss resident) for the duration of the writ petition, subject to stringent conditional safeguards to protect the integrity of the ongoing investigation into alleged public fund diversion. The court emphasized that investigative processes shall continue unhindered while the petitioner's liberty and professional obligations are not to be indefinitely restrained absent determination of accused status. The respondents were directed to rely on less restrictive measures to secure attendance and cooperation; the petition was disposed of on the basis of the conditional suspension of the LOC.
HC suspended the operation of the impugned Look-Out Circular against the anonymous petitioner (a U.S. national and Swiss resident) for the duration of the writ petition, subject to stringent conditional safeguards to protect the integrity of the ongoing investigation into alleged public fund diversion. The court emphasized that investigative processes shall continue unhindered while the petitioner's liberty and professional obligations are not to be indefinitely restrained absent determination of accused status. The respondents were directed to rely on less restrictive measures to secure attendance and cooperation; the petition was disposed of on the basis of the conditional suspension of the LOC.
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