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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Arbitration clauses do not bar an operational creditor from pursuing the statutory insolvency remedy, even where arbitration is available or has been initiated, provided debt and default are established. A settlement amount arising from disputes connected with the supply of raw cotton constitutes operational debt because it is a claim in respect of goods; the claimant is therefore an operational creditor. A damages claim raised only in reply to the demand notice, without prior genuine adjudicatory or arbitral pursuit and supported only by limited correspondence, is not a pre-existing dispute. The rejection of the operational debt application was quashed, and admission and further proceedings were directed in accordance with law, including moratorium.
Arbitration clauses do not bar an operational creditor from pursuing the statutory insolvency remedy, even where arbitration is available or has been initiated, provided debt and default are established. A settlement amount arising from disputes connected with the supply of raw cotton constitutes operational debt because it is a claim in respect of goods; the claimant is therefore an operational creditor. A damages claim raised only in reply to the demand notice, without prior genuine adjudicatory or arbitral pursuit and supported only by limited correspondence, is not a pre-existing dispute. The rejection of the operational debt application was quashed, and admission and further proceedings were directed in accordance with law, including moratorium.
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