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...
Page of 4827
Press 'Enter' after typing page number.
141 to 160 of 96536 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The SC allowed the appeal and set aside the impugned orders, holding that the belated show cause cum demand notice dated 05.06.2021 and the original order dated 23.01.2024 were invalid by reason of delay and laches. The Court found the HC erred in relegating the appellant to alternative remedy instead of adjudicating the writ petition in light of this Court's precedent treating notices issued after an excessive lapse as time-barred. Applying the principle of unreasonable delay, the SC quashed the show cause notice and original order, concluded the statutory action was beyond a reasonable period, and disposed of the appeal in favor of the appellant.
The SC allowed the appeal and set aside the impugned orders, holding that the belated show cause cum demand notice dated 05.06.2021 and the original order dated 23.01.2024 were invalid by reason of delay and laches. The Court found the HC erred in relegating the appellant to alternative remedy instead of adjudicating the writ petition in light of this Court's precedent treating notices issued after an excessive lapse as time-barred. Applying the principle of unreasonable delay, the SC quashed the show cause notice and original order, concluded the statutory action was beyond a reasonable period, and disposed of the appeal in favor of the appellant.
Note: It is a system-generated summary and is for quick reference only.