Charitable sports promotion: sponsorship receipts alone did not defeat registration where funds supported tournaments and player development activitie...
Overdue associated-enterprise receivables: debt-free status defeated notional-interest adjustment, while employee stock-option costs qualified as busi...
Retrospective assessment-limitation amendments validate final orders while contemporaneous segment data governs transfer-pricing comparability and tol...
Transfer pricing adjustments must track international transactions, while unsupported AMP adjustments and unsuitable manufacturing comparables require...
Transfer-pricing adjustments must reflect functional comparability, working-capital effects, and avoid duplicating interest on associated-enterprise r...
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.
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