SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
The Delhi High Court considered the winding up of an unregistered foreign company for non-payment of outstanding dues u/s 433(e) and (f) read with Sections 434 and 439 of the Companies Act, 1956. The court found that the company's inability to pay its debts justified winding up proceedings u/s 583 of the Act. The court referenced the Supreme Court's decision in Rajah of Vizianagram case and Action Ispat case, supporting the transfer of winding up proceedings to the NCLT if at a nascent stage. Consequently, the court transferred the present winding up proceedings to the NCLT, disposing of the petition.
The Delhi High Court considered the winding up of an unregistered foreign company for non-payment of outstanding dues u/s 433(e) and (f) read with Sections 434 and 439 of the Companies Act, 1956. The court found that the company's inability to pay its debts justified winding up proceedings u/s 583 of the Act. The court referenced the Supreme Court's decision in Rajah of Vizianagram case and Action Ispat case, supporting the transfer of winding up proceedings to the NCLT if at a nascent stage. Consequently, the court transferred the present winding up proceedings to the NCLT, disposing of the petition.
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TaxTMI 
TaxTMI 
of 4879 
