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...
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.
TaxTMI 
of 4803
Join Channel
TaxTMI 
