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...
Clean-hands requirements in PIL jurisdiction require complete disclosure of earlier similar proceedings to prevent parallel litigation and conflicting adjudication. Failure to disclose a pending writ petition seeking substantially overlapping relief concerning NSE shareholding and beneficial ownership was treated as suppression of material facts, forum shopping and abuse of process. The High Court dismissed the PIL at the threshold without examining divestment allegations and imposed exemplary costs, as the conduct disentitled the petitioner to equitable and extraordinary relief irrespective of the underlying merits.
Clean-hands requirements in PIL jurisdiction require complete disclosure of earlier similar proceedings to prevent parallel litigation and conflicting adjudication. Failure to disclose a pending writ petition seeking substantially overlapping relief concerning NSE shareholding and beneficial ownership was treated as suppression of material facts, forum shopping and abuse of process. The High Court dismissed the PIL at the threshold without examining divestment allegations and imposed exemplary costs, as the conduct disentitled the petitioner to equitable and extraordinary relief irrespective of the underlying merits.
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TaxTMI 
TaxTMI 
of 4920 
