Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Arbitration award challenged u/s 34 of the Arbitration and Conciliation Act, 1996. Arbitrator allowed 3% of contract amount as on-site establishment expenses using Hudson's formula. High Court erred in setting aside award on grounds of non-payment of bills and lack of discussion on interest claim. Supreme Court held High Court's reasoning insufficient for interference u/s 37, restoring award. Pre-reference interest governed by substantive law, not solely Section 31(7)(a). Contract did not prohibit pre-reference interest, so High Court's interference unwarranted. Appeal disposed of, award upheld.
Arbitration award challenged u/s 34 of the Arbitration and Conciliation Act, 1996. Arbitrator allowed 3% of contract amount as on-site establishment expenses using Hudson's formula. High Court erred in setting aside award on grounds of non-payment of bills and lack of discussion on interest claim. Supreme Court held High Court's reasoning insufficient for interference u/s 37, restoring award. Pre-reference interest governed by substantive law, not solely Section 31(7)(a). Contract did not prohibit pre-reference interest, so High Court's interference unwarranted. Appeal disposed of, award upheld.
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