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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The Supreme Court addressed the issue of reducing compensation awarded by the Motor Accident Claims Tribunal. The deceased had multiple income sources including land sale, milk supply, coconut supply, and government contracting. The High Court conservatively assessed the deceased's income at ₹20,000 per month. However, based on evidence presented, the Court re-assessed the income at ₹35,000 per month due to the deceased's multiple work activities and the subsequent loss of income after death. The appellants were awarded compensation of ₹38,81,500 with 8% interest from the claim petition date. The judgment of the High Court was modified accordingly.
The Supreme Court addressed the issue of reducing compensation awarded by the Motor Accident Claims Tribunal. The deceased had multiple income sources including land sale, milk supply, coconut supply, and government contracting. The High Court conservatively assessed the deceased's income at ₹20,000 per month. However, based on evidence presented, the Court re-assessed the income at ₹35,000 per month due to the deceased's multiple work activities and the subsequent loss of income after death. The appellants were awarded compensation of ₹38,81,500 with 8% interest from the claim petition date. The judgment of the High Court was modified accordingly.
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