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...
Operational creditors with independent claims below the Section 4 threshold cannot use intervention in another creditor's insolvency proceedings to pursue those claims. Intervention in a settlement-based withdrawal under Section 12A requires a prima facie likelihood that the applicant will be affected or a legally sustainable right hampered. Unlike impleadment, intervention confers a right to be heard but not to raise pleadings, pursue an independent claim or seek relief. Settlement and withdrawal between the petitioning parties do not prevent an independent creditor from pursuing a sustainable claim through appropriate civil proceedings.
Operational creditors with independent claims below the Section 4 threshold cannot use intervention in another creditor's insolvency proceedings to pursue those claims. Intervention in a settlement-based withdrawal under Section 12A requires a prima facie likelihood that the applicant will be affected or a legally sustainable right hampered. Unlike impleadment, intervention confers a right to be heard but not to raise pleadings, pursue an independent claim or seek relief. Settlement and withdrawal between the petitioning parties do not prevent an independent creditor from pursuing a sustainable claim through appropriate civil proceedings.
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