Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Unwinding allegedly fraudulent and void transactions in oppression and mismanagement proceedings does not depend on prior consent where the pleadings seek to expose sham, circuitous arrangements and their true effect. The Tribunal held that the earlier appellate order did not make mutual agreement an inflexible precondition, and that the proviso governing termination or modification of subsisting third-party agreements did not bar wider relief when illegality was alleged. Detailed pleadings, annexures and investigative materials were sufficient to require merits examination. Election, estoppel and approbate-reprobate could not be used to shut out scrutiny of transactions said to bypass binding regulatory directions, which were treated as statutory and enforceable.
Unwinding allegedly fraudulent and void transactions in oppression and mismanagement proceedings does not depend on prior consent where the pleadings seek to expose sham, circuitous arrangements and their true effect. The Tribunal held that the earlier appellate order did not make mutual agreement an inflexible precondition, and that the proviso governing termination or modification of subsisting third-party agreements did not bar wider relief when illegality was alleged. Detailed pleadings, annexures and investigative materials were sufficient to require merits examination. Election, estoppel and approbate-reprobate could not be used to shut out scrutiny of transactions said to bypass binding regulatory directions, which were treated as statutory and enforceable.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4794
Join Channel
TaxTMI 
