Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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The HC held that a Section 11 referral court may refuse appointment where it is manifest, on a prima facie review, that the parties excluded the dispute from arbitration. The arbitration clause was construed as limited to disputes about specifications, design, drawings, workmanship, materials and execution of the work, while the claim for reimbursement of service tax and GST cost arose under a separate taxes-and-duties provision. Because the tax dispute was outside the agreed arbitration clause, the claim was treated as non-arbitrable and the Section 11 petition was dismissed.
The HC held that a Section 11 referral court may refuse appointment where it is manifest, on a prima facie review, that the parties excluded the dispute from arbitration. The arbitration clause was construed as limited to disputes about specifications, design, drawings, workmanship, materials and execution of the work, while the claim for reimbursement of service tax and GST cost arose under a separate taxes-and-duties provision. Because the tax dispute was outside the agreed arbitration clause, the claim was treated as non-arbitrable and the Section 11 petition was dismissed.
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