Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
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...
Non-provision of the grounds of arrest in the manner required by law rendered the arrest and continued detention unsustainable. The High Court held that the respondents' explanation of clerical error did not cure the decisive defect, because the petitioner had not been furnished the grounds of arrest as mandated by the Supreme Court and followed by the Court. As that requirement was not complied with, the remand order founded on the arrest was liable to be quashed. The remand order was quashed, the writ petition was allowed, and the respondents were given liberty to proceed afresh in accordance with law.
Non-provision of the grounds of arrest in the manner required by law rendered the arrest and continued detention unsustainable. The High Court held that the respondents' explanation of clerical error did not cure the decisive defect, because the petitioner had not been furnished the grounds of arrest as mandated by the Supreme Court and followed by the Court. As that requirement was not complied with, the remand order founded on the arrest was liable to be quashed. The remand order was quashed, the writ petition was allowed, and the respondents were given liberty to proceed afresh in accordance with law.
Note: It is a system-generated summary and is for quick reference only.