International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
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Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
Order directing reversal of actions taken after the insolvency commencement date (ICD) of 22.02.2023 until 01.06.2023. Respondents opposed interim relief, arguing appropriation of funds violated the moratorium effective 22.02.2023. Held: Notices issued, hearing date fixed; in the interests of justice, Axis Bank and other appellant lenders directed to maintain reversed amounts in separate interest-bearing accounts, protecting the corporate debtor's interests pending final decision. As banks/financial institutions, no apprehension of non-compliance. Interim arrangement safeguards parties' interests. Appeals listed for 03.12.2024 hearing and disposal.
Order directing reversal of actions taken after the insolvency commencement date (ICD) of 22.02.2023 until 01.06.2023. Respondents opposed interim relief, arguing appropriation of funds violated the moratorium effective 22.02.2023. Held: Notices issued, hearing date fixed; in the interests of justice, Axis Bank and other appellant lenders directed to maintain reversed amounts in separate interest-bearing accounts, protecting the corporate debtor's interests pending final decision. As banks/financial institutions, no apprehension of non-compliance. Interim arrangement safeguards parties' interests. Appeals listed for 03.12.2024 hearing and disposal.
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