GST payment representations require record-based, reasoned decisions while substantive entitlement remains open for determination by competent authori...
Reassessment sanction under extended limitation required approval from the competent specified authority, invalidating proceedings approved by an inco...
Internal CUP benchmarking for fixed-rate Masala Bonds prevails over floating external comparables, eliminating the related transfer-pricing adjustment...
Jurisdictional validity of revision notices: incorrect official capacity and mere change of opinion invalidate revision of property income assessments...
Contempt for breach of an undertaking requires a clear, express and unambiguous commitment that demonstrates a firm obligation to act or refrain from acting. A statement merely clarifying that a proposed acquisition would not proceed does not, without more, constitute an undertaking enforceable through contempt. Foreign money decrees of superior courts in reciprocating territories may be prima facie executable in India, with comity of nations relevant at the interlocutory stage. Where corporate transactions and changes of control indicate possible asset dissipation, interim protection and adequate security may be maintained pending execution. Questions concerning veil lifting and the liability of family-controlled entities remain for determination in execution proceedings.
Contempt for breach of an undertaking requires a clear, express and unambiguous commitment that demonstrates a firm obligation to act or refrain from acting. A statement merely clarifying that a proposed acquisition would not proceed does not, without more, constitute an undertaking enforceable through contempt. Foreign money decrees of superior courts in reciprocating territories may be prima facie executable in India, with comity of nations relevant at the interlocutory stage. Where corporate transactions and changes of control indicate possible asset dissipation, interim protection and adequate security may be maintained pending execution. Questions concerning veil lifting and the liability of family-controlled entities remain for determination in execution proceedings.
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