Transfer pricing comparables and adjustments: Tribunal revisits loss-maker status, segmental comparability, working capital relief, and risk allocatio...
Business expenditure disallowance failed where commission, related-party salary and promotion payments were supported by records and inquiry was inade...
The sole issue was entitlement to anticipatory (pre-arrest) bail where authorities allege operation of fictitious firms, issuance of fake invoices and fraudulent availment/circulation of ineligible input tax credit. Relying on ongoing nascent inquiry under notice provisions and the court's inherent jurisdiction, the High Court found specific and serious allegations, non-cooperation with investigation, risk of custodial interrogation being frustrated, tampering with evidence and influencing witnesses; consequently the petition for pre-arrest bail was dismissed. - HC
The sole issue was entitlement to anticipatory (pre-arrest) bail where authorities allege operation of fictitious firms, issuance of fake invoices and fraudulent availment/circulation of ineligible input tax credit. Relying on ongoing nascent inquiry under notice provisions and the court's inherent jurisdiction, the High Court found specific and serious allegations, non-cooperation with investigation, risk of custodial interrogation being frustrated, tampering with evidence and influencing witnesses; consequently the petition for pre-arrest bail was dismissed. - HC
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