Transfer-pricing comparability permits fresh objections and filters where software service comparables are functionally unsuitable for arm's-length pr...
Territorial rendering requirement excludes China-based management and consultancy services from fees for technical services under the India-China DTAA...
FEMA borrowing restrictions bind charitable trusts, and civil penalties apply without proving intent for delayed repayment of non-resident rupee loans...
Forensic audit reports are not conclusive proof of fraud, but may support insolvency contribution liability when reliable documentary evidence substantiates their findings. Sale deeds, bank records, sub-registrar records and title-verification material supported findings that property transactions were accommodation arrangements used to raise loans. Loan proceeds substantially returned through sellers to the corporate debtor and related entities, establishing round-tripping intended to defraud creditors. Former management failed to rebut matters within its special knowledge. Ex parte determination remained valid because suspended directors received adequate opportunity to contest the proceedings and did not produce reliable contrary material. The fraudulent-transaction finding and consequential contribution direction were sustained.
Forensic audit reports are not conclusive proof of fraud, but may support insolvency contribution liability when reliable documentary evidence substantiates their findings. Sale deeds, bank records, sub-registrar records and title-verification material supported findings that property transactions were accommodation arrangements used to raise loans. Loan proceeds substantially returned through sellers to the corporate debtor and related entities, establishing round-tripping intended to defraud creditors. Former management failed to rebut matters within its special knowledge. Ex parte determination remained valid because suspended directors received adequate opportunity to contest the proceedings and did not produce reliable contrary material. The fraudulent-transaction finding and consequential contribution direction were sustained.
Note: It is a system-generated summary and is for quick reference only.