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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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.
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