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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Writ petitions challenging seizure memos and laboratory test reports were held not maintainable for lack of territorial jurisdiction. Applying the Full Bench test that, beyond a formal cause of action, the court must consider forum conveniens under Article 226, it was held that mere presence of the investigating agency's headquarters or the testing laboratory in Delhi does not confer jurisdiction when the imports, storage, sampling, service of seizure memos, and the petitioners' location are all in Tamil Nadu; testing in Delhi was only incidental and could have occurred elsewhere. The petitions were dismissed with liberty to pursue remedies before the appropriate forum. - HC
Writ petitions challenging seizure memos and laboratory test reports were held not maintainable for lack of territorial jurisdiction. Applying the Full Bench test that, beyond a formal cause of action, the court must consider forum conveniens under Article 226, it was held that mere presence of the investigating agency's headquarters or the testing laboratory in Delhi does not confer jurisdiction when the imports, storage, sampling, service of seizure memos, and the petitioners' location are all in Tamil Nadu; testing in Delhi was only incidental and could have occurred elsewhere. The petitions were dismissed with liberty to pursue remedies before the appropriate forum. - HC
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