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    TDS on non-resident commission payments turned on compliance records and the scope of sums liable for deduction.
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    Inland haulage charges as ancillary shipping income under the India-China DTAA, taxable only in the residence state.
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      Statutory associate-company criteria governed whether the group...

      Statutory associate-company test defeated consolidation and related-party disclosure allegations, while delayed securities enforcement also failed.

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      SEBIAugust 17, 2026Case LawsAT
      Statutory associate-company criteria governed whether the group company required consolidation and related-party disclosures. The Tribunal majority found no prescribed voting threshold, agreement, control, or participation in business decisions; accounting standards could supplement but not override the statutory definition. Consolidation and related-party disclosure contraventions therefore failed. The majority also found the real-estate bulk-sale memoranda and underlying projects genuine, with no proof that common personnel, funding arrangements, accounting differences, or weak finances established a sham scheme, market impact, unlawful gain, or PFUTP violation. Securities-enforcement proceedings were further initiated after inordinate, unexplained delay following completed transactions. The appeals succeeded, penalties were set aside and refundable; the Presiding Officer dissented.

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      ActsIncome Tax