Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Sales to Distributor Managed by Family Members Constitute Related Party Transaction: CESTAT
CESTAT ruled that sales to a distributor managed by family members constitute a related party transaction. This determination has implications for transfer pricing and tax assessments, as transactions between related parties are subject to scrutiny to ensure they are conducted at arm's length. The ruling highlights the importance of considering family relationships when assessing related party transactions.