Transfer-pricing comparability permits fresh objections and filters where software service comparables are functionally unsuitable for arm's-length pr...
Territorial rendering requirement excludes China-based management and consultancy services from fees for technical services under the India-China DTAA...
FEMA borrowing restrictions bind charitable trusts, and civil penalties apply without proving intent for delayed repayment of non-resident rupee loans...
Corporate Insolvency Resolution Process initiated. Applicant alleged transactions worth Rs. 3.87 crores as preferential or fraudulent, seeking recovery from respondents. Tribunal unable to classify Rs. 3.87 crore transactions due to lack of information. One vehicle transferred post-CIRP initiation treated as fraudulent transaction. u/s 66(2)(b) IBC, respondents directed to contribute Rs. 13,74,585 to Corporate Debtor's assets for failure to exercise due diligence in minimizing potential loss to creditors. Application partly allowed.
Corporate Insolvency Resolution Process initiated. Applicant alleged transactions worth Rs. 3.87 crores as preferential or fraudulent, seeking recovery from respondents. Tribunal unable to classify Rs. 3.87 crore transactions due to lack of information. One vehicle transferred post-CIRP initiation treated as fraudulent transaction. u/s 66(2)(b) IBC, respondents directed to contribute Rs. 13,74,585 to Corporate Debtor's assets for failure to exercise due diligence in minimizing potential loss to creditors. Application partly allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4891 
