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 held that appellant was not liable for dishonored security deposit cheques totaling Rs.9,00,000 under Section 138 of NI Act. Court found appellant entitled to deduct unpaid rent and maintenance from security deposit before refund. Respondent failed to establish entire cheque amount as legally enforceable debt. Trial Court's judgment limiting compensation to Rs.3,00,000 with 6% interest was restored, setting aside appellate court and HC decisions. Rs.5,000 forfeited to State Exchequer, with default penalty of one year simple imprisonment. Evidence showed respondent had defaulted on vacating property, requiring execution proceedings for possession through police intervention.
SC held that appellant was not liable for dishonored security deposit cheques totaling Rs.9,00,000 under Section 138 of NI Act. Court found appellant entitled to deduct unpaid rent and maintenance from security deposit before refund. Respondent failed to establish entire cheque amount as legally enforceable debt. Trial Court's judgment limiting compensation to Rs.3,00,000 with 6% interest was restored, setting aside appellate court and HC decisions. Rs.5,000 forfeited to State Exchequer, with default penalty of one year simple imprisonment. Evidence showed respondent had defaulted on vacating property, requiring execution proceedings for possession through police intervention.
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