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Move court only on question of law in transfer pricing cases: High Court

In what should effect numerous ongoing disputes over transfer pricing, the Karnataka High Court dominated that courts must be approached in such instances handiest if there's a sizable question of law. Companies and revenue officials are approaching high courts when they don’t believe statistics located by the profits tax tribunal, the court observed. Issues like a dispute over the method used for arriving at the tax quantity or the information determined through the tribunal must now not be the reason for... Hello and proper morning. I hope you are prepared...

COMMENT – Why Vijay Mallya must be made to face the law even if he settles dues

For the self-proclaimed "poster boy" of Indian financial institution default, redemption can’t come just with the aid of way of a monetary settlement. Vijay Mallya should also the solution to costs of economic crime and face the courtroom of regulation. The liquor baron has filed a software with the Karnataka High Court presenting to promote belongings – a massive part of that have been frozen – which will settle with creditors. The liquor baron’s hand appeared to have been pressured by using a couple of prison setbacks. Last week, the...
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