Transfer pricing margin adjustments require matching treatment of non-operating income and related costs, with comparability issues reconsidered on ev...
Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
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Recusal cannot be claimed on conjecture, selective inference, or a litigant's subjective unease; the governing test is whether a fair-minded and informed observer would find a genuine, reasonable apprehension of bias. Prima facie observations in an interim order, service on prior counsel, protective stays, expedited hearing of an MP/MLA matter, prior prima facie judgments in connected PMLA proceedings, alleged contrary findings in other forums, a political statement, judicial participation in legal events, and relatives' professional engagements were each found insufficient to show a proximate nexus with the lis. The Court rejected the applications, held that no legal basis for recusal was made out, and directed that the main petition be heard on merits uninfluenced by the allegations.
Recusal cannot be claimed on conjecture, selective inference, or a litigant's subjective unease; the governing test is whether a fair-minded and informed observer would find a genuine, reasonable apprehension of bias. Prima facie observations in an interim order, service on prior counsel, protective stays, expedited hearing of an MP/MLA matter, prior prima facie judgments in connected PMLA proceedings, alleged contrary findings in other forums, a political statement, judicial participation in legal events, and relatives' professional engagements were each found insufficient to show a proximate nexus with the lis. The Court rejected the applications, held that no legal basis for recusal was made out, and directed that the main petition be heard on merits uninfluenced by the allegations.
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