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...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
Failure to specifically deny allegations in the written statement constitutes an admission under Order VIII Rules 3 and 5, permitting the court under Order XII Rule 6 to act on such admissions and treating admitted facts as substantive evidence without proof under Section 58 of the Evidence Act; consequence: petitioner entitled to relief on undisputed claim. The Bill Verification Committee must afford audi alteram partem when proposing to reduce or reject bills, especially on allegations of fraud or inflated claims; consequence: an ex parte bill verification report quashed. Remedy ordered: respondents directed to liquidate the undisputed dues within eight weeks, failing which interest at 6% per annum applies.
Failure to specifically deny allegations in the written statement constitutes an admission under Order VIII Rules 3 and 5, permitting the court under Order XII Rule 6 to act on such admissions and treating admitted facts as substantive evidence without proof under Section 58 of the Evidence Act; consequence: petitioner entitled to relief on undisputed claim. The Bill Verification Committee must afford audi alteram partem when proposing to reduce or reject bills, especially on allegations of fraud or inflated claims; consequence: an ex parte bill verification report quashed. Remedy ordered: respondents directed to liquidate the undisputed dues within eight weeks, failing which interest at 6% per annum applies.
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