Reasoned rectification orders require consideration of expenditure disclosed in income-tax returns, preventing revision based on incomplete income com...
Modified returns after business reorganisations cannot trigger fresh scrutiny once the original assessment was complete, invalidating related transfer...
Third-party loose sheets require reliable nexus before supporting unexplained expenditure additions; presumptions do not establish payer identity or o...
TNMM comparability using audited accounts and working-capital adjustments can eliminate unwarranted transfer-pricing additions where verified margins ...
Gross-profit additions on disputed purchases require reasoned appellate determination; disclosed claims alone do not support inaccurate-particulars pe...
Limitation after transfer-pricing remand: fresh TPO reference did not extend the assessment deadline, rendering the consequential assessment time-barr...
Interim judicial restraint on tax deduction prevents default, while supporting reasonable cause and penalty deletion for foreign-leg LFC reimbursement...
Palmolein classification defeated the crude-oil concession; material misdeclaration sustained recovery and confiscation, while separate false-document...
Writ jurisdiction over regulatory ODR arbitration is confined to...
ODR arbitration participation remains mandatory after failed conciliation, while jurisdictional and maintainability objections stay available before the arbitral forum.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Writ jurisdiction over regulatory ODR arbitration is confined to cases of demonstrable lack of authority, breach of the governing framework, or a patent jurisdictional defect; allocation to an ODR institution empanelled by a particular stock exchange does not alone establish invalidity. Allocation depends on the participant's listing status, relevant exchanges, the grievance, and portal-based allocation. Mandatory participation after unsuccessful conciliation does not create jurisdiction where the framework excludes the dispute, nor does it waive sustainable objections. Limitation, locus, maintainability, prior proceedings, res judicata, abuse of process, arbitrability and substantive entitlement remain for the arbitral forum. The petition was dismissed, requiring participation and applicable fees without prejudice to objections.
Writ jurisdiction over regulatory ODR arbitration is confined to cases of demonstrable lack of authority, breach of the governing framework, or a patent jurisdictional defect; allocation to an ODR institution empanelled by a particular stock exchange does not alone establish invalidity. Allocation depends on the participant's listing status, relevant exchanges, the grievance, and portal-based allocation. Mandatory participation after unsuccessful conciliation does not create jurisdiction where the framework excludes the dispute, nor does it waive sustainable objections. Limitation, locus, maintainability, prior proceedings, res judicata, abuse of process, arbitrability and substantive entitlement remain for the arbitral forum. The petition was dismissed, requiring participation and applicable fees without prejudice to objections.
Note: It is a system-generated summary and is for quick reference only.