Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Personal insolvency interim moratorium does not stay cheque-dishonour prosecutions against company directors and responsible persons where the dishonoured cheques represent the company's debt. Directors are prosecuted through statutory vicarious liability rather than as primary personal debtors, while the moratorium applies to civil debt-recovery actions concerning the individual debtor and does not bar criminal proceedings. Potential recovery of compensation does not justify staying the trial at that stage. A pending reference to a larger Bench does not weaken the binding effect of existing law unless altered; therefore, trials need not await determination of questions concerning compensation. Applications and writ petitions seeking to stay or defer the prosecutions were dismissed, and interim stays were vacated.
Personal insolvency interim moratorium does not stay cheque-dishonour prosecutions against company directors and responsible persons where the dishonoured cheques represent the company's debt. Directors are prosecuted through statutory vicarious liability rather than as primary personal debtors, while the moratorium applies to civil debt-recovery actions concerning the individual debtor and does not bar criminal proceedings. Potential recovery of compensation does not justify staying the trial at that stage. A pending reference to a larger Bench does not weaken the binding effect of existing law unless altered; therefore, trials need not await determination of questions concerning compensation. Applications and writ petitions seeking to stay or defer the prosecutions were dismissed, and interim stays were vacated.
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