Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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Dishonour of cheque - vicarious liability - liability of group companies - liability common Directors of the group, namely, Right Choice Group of Companies - Lifting of the corporate veil - The High court highlighted that for vicarious liability to apply, specific allegations and evidence pointing to the role and control of the individuals over the company’s operations are necessary. The judgment delved into the principle of the corporate veil, stating that mere affiliation of companies under the same group does not suffice to establish liability unless it is shown that they function as one economic entity. The court declined to lift the corporate veil merely based on group association and common branding in marketing materials.
Dishonour of cheque - vicarious liability - liability of group companies - liability common Directors of the group, namely, Right Choice Group of Companies - Lifting of the corporate veil - The High court highlighted that for vicarious liability to apply, specific allegations and evidence pointing to the role and control of the individuals over the company’s operations are necessary. The judgment delved into the principle of the corporate veil, stating that mere affiliation of companies under the same group does not suffice to establish liability unless it is shown that they function as one economic entity. The court declined to lift the corporate veil merely based on group association and common branding in marketing materials.
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