Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Negative due date rate in cash-settled crude oil futures was upheld because the contract specifications tied settlement to the NYMEX front-month settlement price converted into rupees, and the DDR was a reference rate applied after trading closed, not a standalone market price. The HC held that traders who chose to retain their positions until expiry could not later insist on a floor price or seek annulment of the settlement, as that would contradict the agreed contract framework and prejudice counterparties. Judicial interference was also declined because the settlement had already been completed across numerous traders and could not be effectively unwound through writ directions.
Negative due date rate in cash-settled crude oil futures was upheld because the contract specifications tied settlement to the NYMEX front-month settlement price converted into rupees, and the DDR was a reference rate applied after trading closed, not a standalone market price. The HC held that traders who chose to retain their positions until expiry could not later insist on a floor price or seek annulment of the settlement, as that would contradict the agreed contract framework and prejudice counterparties. Judicial interference was also declined because the settlement had already been completed across numerous traders and could not be effectively unwound through writ directions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4794
Join Channel
TaxTMI 
