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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SC, answering the Presidential Reference, held that under Art. 200 the Governor has three options on a Bill: grant assent, withhold assent and return it to the Legislature, or reserve it for the President; after reconsideration, only the power to withhold (by return) is barred, and the Governor may either assent or reserve. The Governor and President must act "as soon as possible", but no judicially imposed timelines or "deemed assent" are permissible, and Art. 142 cannot be invoked to create such a doctrine. Decisions under Arts. 200 and 201 are non-justiciable before a Bill becomes law, though courts may issue a limited mandamus requiring the Governor to act within a reasonable time. Presidential Reference was disposed of accordingly.
SC, answering the Presidential Reference, held that under Art. 200 the Governor has three options on a Bill: grant assent, withhold assent and return it to the Legislature, or reserve it for the President; after reconsideration, only the power to withhold (by return) is barred, and the Governor may either assent or reserve. The Governor and President must act "as soon as possible", but no judicially imposed timelines or "deemed assent" are permissible, and Art. 142 cannot be invoked to create such a doctrine. Decisions under Arts. 200 and 201 are non-justiciable before a Bill becomes law, though courts may issue a limited mandamus requiring the Governor to act within a reasonable time. Presidential Reference was disposed of accordingly.
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