Capital character of assignment consideration prevents taxation as residuary income, while unsupported interest-related expenditure remains non-deduct...
Make-available condition shields regional support-service receipts from Indian taxation where no independent capability or permanent establishment exi...
Transfer-pricing treatment of corporate guarantees and convertible loans followed prior-year consistency, with taxable foreign dividends excluded from...
Transfer-pricing benchmarking confines adjustments to associated-enterprise transactions and integrates delayed receivables through TNMM working-capit...
Medical relief status protects government-contracted mobile healthcare from commercial classification, while provisional registration cancellation req...
Charitable registration cancellation requires proof that educational activities abandoned their objects; incidental receipts and retained surplus are ...
Prospective customs notification amendments cannot bar provisional release consideration for earlier imports when bills of lading predate their commen...
Without-prejudice deposits in Section 7 insolvency proceedings cannot, by themselves, constitute an unconditional admission of liability where objections to maintainability and to the existence of debt and default remain pending. Such a deposit may indicate solvency but cannot replace the required determination of financial debt, default and maintainability. A subsequent demand containing materially different components does not independently establish a financial debt, and permission to pursue legally maintainable claims is not an adjudication of them. Closure of the insolvency application without deciding these objections was set aside, and the matter was remanded for fresh consideration subject to re-deposit of the released amount.
Without-prejudice deposits in Section 7 insolvency proceedings cannot, by themselves, constitute an unconditional admission of liability where objections to maintainability and to the existence of debt and default remain pending. Such a deposit may indicate solvency but cannot replace the required determination of financial debt, default and maintainability. A subsequent demand containing materially different components does not independently establish a financial debt, and permission to pursue legally maintainable claims is not an adjudication of them. Closure of the insolvency application without deciding these objections was set aside, and the matter was remanded for fresh consideration subject to re-deposit of the released amount.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
