Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
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Insolvency and BankruptcyJune 22, 2019Case LawsTri
Enforceability of Foreign Award - GoI can recover Petroleum due when the Corporate Debtor is already under Insolvency - once order has been pronounced u/s. 7 of the I&B Code and declared “Moratorium”, there is prohibition to enforced for recovery against the said Corporate Debtor as well as institution of any suit or execution of any Judgment, Decree or Order of any Court of Law, Tribunal, Arbitration Panel - action on the part of the GoI, Ministry of Petroleum, is not legal
Enforceability of Foreign Award - GoI can recover Petroleum due when the Corporate Debtor is already under Insolvency - once order has been pronounced u/s. 7 of the I&B Code and declared “Moratorium”, there is prohibition to enforced for recovery against the said Corporate Debtor as well as institution of any suit or execution of any Judgment, Decree or Order of any Court of Law, Tribunal, Arbitration Panel - action on the part of the GoI, Ministry of Petroleum, is not legal
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