Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
Interim stay applications over admission of an electricity distribution licensee into CIRP turned on the asserted primacy of the Insolvency Code over the Electricity Act and the alleged invalidity of a corporate guarantee for want of regulatory approval. One Member held that existing Supreme Court authority foreclosed the Electricity Act objection and that a disputed approval issue did not by itself make the guarantee fraudulent, coercive, or void, so no stay was warranted. The other Member distinguished that authority, stressing the effect of CIRP on the licensed business and consumers and preferring the less injurious course. With this difference of opinion, the Bench made no final determination on interim relief and referred the matter.
Interim stay applications over admission of an electricity distribution licensee into CIRP turned on the asserted primacy of the Insolvency Code over the Electricity Act and the alleged invalidity of a corporate guarantee for want of regulatory approval. One Member held that existing Supreme Court authority foreclosed the Electricity Act objection and that a disputed approval issue did not by itself make the guarantee fraudulent, coercive, or void, so no stay was warranted. The other Member distinguished that authority, stressing the effect of CIRP on the licensed business and consumers and preferring the less injurious course. With this difference of opinion, the Bench made no final determination on interim relief and referred the matter.
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