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 invalidated the insurance contract's special condition requiring voyage completion before monsoon onset. The court held that strictly interpreting such a condition would render the insurance contract meaningless and create an absurd scenario preventing legitimate claims. The special condition was deemed non-material and implicitly waived by both parties. The impugned NCDRC order was set aside, and the matter was remanded for determining the extent of insured sum payable. The court emphasized that technical compliance with voyage timing cannot negate the fundamental purpose of marine insurance protection. Appeal was allowed, directing NCDRC to reassess the claim on substantive merits.
SC invalidated the insurance contract's special condition requiring voyage completion before monsoon onset. The court held that strictly interpreting such a condition would render the insurance contract meaningless and create an absurd scenario preventing legitimate claims. The special condition was deemed non-material and implicitly waived by both parties. The impugned NCDRC order was set aside, and the matter was remanded for determining the extent of insured sum payable. The court emphasized that technical compliance with voyage timing cannot negate the fundamental purpose of marine insurance protection. Appeal was allowed, directing NCDRC to reassess the claim on substantive merits.
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