Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
The dominant issue was whether non-communication of grounds of arrest in writing vitiated the arrest and warranted grant of bail under Article 22(1). The Court held that "grounds of arrest" are the factual basis forming the arresting officer's opinion that an offence was committed, distinct from "reasons" addressing necessity to arrest. It further held that Article 22(1) does not require the grounds to be written on a separate sheet; furnishing any document containing the grounds amounts to written communication. Since the arrest memo supplied at the time of arrest contained and communicated the grounds in writing, there was no violation of Article 22(1), and bail was refused. - HC
The dominant issue was whether non-communication of grounds of arrest in writing vitiated the arrest and warranted grant of bail under Article 22(1). The Court held that "grounds of arrest" are the factual basis forming the arresting officer's opinion that an offence was committed, distinct from "reasons" addressing necessity to arrest. It further held that Article 22(1) does not require the grounds to be written on a separate sheet; furnishing any document containing the grounds amounts to written communication. Since the arrest memo supplied at the time of arrest contained and communicated the grounds in writing, there was no violation of Article 22(1), and bail was refused. - HC
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