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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Section 531(1) protects creditors against transfers made within the statutory period as a fraudulent preference, and it can apply even where no formal conveyance is executed if title is effectively shifted through mutation entries. A company's immovable property was entered in the names of its promoters, who controlled the company, without disclosed consideration, valuation, or material supporting any quantified liability said to be owed to them. The absence of consideration and supporting records negatived good faith and showed an attempt to place the property beyond the reach of creditors. The transfer was declared void, and the mutation entries were directed to be reversed so the property stands restored in the company's name.
Section 531(1) protects creditors against transfers made within the statutory period as a fraudulent preference, and it can apply even where no formal conveyance is executed if title is effectively shifted through mutation entries. A company's immovable property was entered in the names of its promoters, who controlled the company, without disclosed consideration, valuation, or material supporting any quantified liability said to be owed to them. The absence of consideration and supporting records negatived good faith and showed an attempt to place the property beyond the reach of creditors. The transfer was declared void, and the mutation entries were directed to be reversed so the property stands restored in the company's name.
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