Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
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...
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The SC dismissed the SLP, holding the petitioner's election void for failure to disclose a conviction under s.138 of the Negotiable Instruments Act in the affidavit mandated by Rule 24-A(1) of the Municipal Election Rules, 1994. Rule 24-A(1) was treated as valid and mandatory; nondisclosure of a sentence of one year or more constituted suppression of material information, rendering acceptance of the nomination improper and materially affecting the election. Subsequent acquittal on appeal (occurring after the election) did not cure the prior nondisclosure, and no exceptional circumstances justified condonation. Although bye-elections were held and the challenge was rendered largely infructuous, the petitioner's rights were preserved by an interim order, yet relief was denied.
The SC dismissed the SLP, holding the petitioner's election void for failure to disclose a conviction under s.138 of the Negotiable Instruments Act in the affidavit mandated by Rule 24-A(1) of the Municipal Election Rules, 1994. Rule 24-A(1) was treated as valid and mandatory; nondisclosure of a sentence of one year or more constituted suppression of material information, rendering acceptance of the nomination improper and materially affecting the election. Subsequent acquittal on appeal (occurring after the election) did not cure the prior nondisclosure, and no exceptional circumstances justified condonation. Although bye-elections were held and the challenge was rendered largely infructuous, the petitioner's rights were preserved by an interim order, yet relief was denied.
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