Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
SC upheld arbitral tribunal's finding of joint and several liability between spouses for debit balance in wife's trading account. The husband's conduct and marital relationship established his involvement, making him liable as a party to arbitration. The adjustment of credit balance from husband's account to wife's account was deemed legal under Bye-law 247A, as joint liability permitted such transfers without requiring written authorization. HC's interference under Section 37 was improper as it reappreciated evidence rather than applying perversity test under Section 34. The arbitral award was reinstated, holding both spouses jointly liable for the debit balance.
SC upheld arbitral tribunal's finding of joint and several liability between spouses for debit balance in wife's trading account. The husband's conduct and marital relationship established his involvement, making him liable as a party to arbitration. The adjustment of credit balance from husband's account to wife's account was deemed legal under Bye-law 247A, as joint liability permitted such transfers without requiring written authorization. HC's interference under Section 37 was improper as it reappreciated evidence rather than applying perversity test under Section 34. The arbitral award was reinstated, holding both spouses jointly liable for the debit balance.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
