GST timing for Toll-Operate-Transfer concessions: concessionaires pay integrated tax when operation and maintenance expenses are charged to escrow acc...
Input tax credit conditions for concessional service rates permit limited same-line credits for hotels, catering, and electrically operated vehicle se...
Corporate veil-piercing in execution remains an exceptional remedy requiring a nexus between effective control, improper use of corporate structures, and frustration of an existing legal obligation. Where promoter shareholding allegedly represented as security for a foreign arbitral award was depleted despite judicial assurances and restraint orders, a court-supervised forensic audit may examine control, pledges, sales, approvals, disclosures, fund flows, and knowledge of the restraints. Separate legal personality, free transferability of listed securities, and lender rights do not preclude that inquiry, but neither ownership nor common management alone establishes liability. The audit is investigative only; liability against companies, controllers, lenders, or officers requires subsequent determination on legally sufficient evidence.
Corporate veil-piercing in execution remains an exceptional remedy requiring a nexus between effective control, improper use of corporate structures, and frustration of an existing legal obligation. Where promoter shareholding allegedly represented as security for a foreign arbitral award was depleted despite judicial assurances and restraint orders, a court-supervised forensic audit may examine control, pledges, sales, approvals, disclosures, fund flows, and knowledge of the restraints. Separate legal personality, free transferability of listed securities, and lender rights do not preclude that inquiry, but neither ownership nor common management alone establishes liability. The audit is investigative only; liability against companies, controllers, lenders, or officers requires subsequent determination on legally sufficient evidence.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
