Brand promotion expenditure requires an established associated-enterprise arrangement for transfer pricing, while management cross-charges must accoun...
Reassessment after the ordinary limitation period requires the escaped-income threshold and independent sanction, without expanding jurisdiction throu...
Transfer pricing comparability requires turnover and functional analysis, alongside rules on exempt-income disallowance and amalgamation goodwill depr...
Sections 5(4) and 5(5) of the SARFAESI Act permit an asset reconstruction company to substitute a bank in pending cheque-dishonour prosecutions relating to acquired financial assets; substitution is not confined to civil proceedings. Assignment of the underlying debt does not change the cheque's payee. Under Sections 5(2) and 5(3), an asset reconstruction company acquiring the debt and security cheques for consideration becomes their possessor and, read with Section 9 of the Negotiable Instruments Act, a holder in due course. Formal endorsement is not indispensable where a cheque is purchased for consideration. The assignee may maintain and prosecute the pending complaint.
Sections 5(4) and 5(5) of the SARFAESI Act permit an asset reconstruction company to substitute a bank in pending cheque-dishonour prosecutions relating to acquired financial assets; substitution is not confined to civil proceedings. Assignment of the underlying debt does not change the cheque's payee. Under Sections 5(2) and 5(3), an asset reconstruction company acquiring the debt and security cheques for consideration becomes their possessor and, read with Section 9 of the Negotiable Instruments Act, a holder in due course. Formal endorsement is not indispensable where a cheque is purchased for consideration. The assignee may maintain and prosecute the pending complaint.
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