Transfer-pricing comparability permits fresh objections and filters where software service comparables are functionally unsuitable for arm's-length pr...
Territorial rendering requirement excludes China-based management and consultancy services from fees for technical services under the India-China DTAA...
FEMA borrowing restrictions bind charitable trusts, and civil penalties apply without proving intent for delayed repayment of non-resident rupee loans...
SC held that Respondent No. 1 breached multiple contractual obligations in the allotment agreement, including failure to secure statutory approvals and execute sub-lease documents. The court ordered Respondent No. 1 to refund Rs. 28,11,31,939 to the Appellant. However, due to the Appellant's questionable conduct and violation of the "clean hands" doctrine, the court denied any additional interest on the refunded amount. The impugned High Court judgment was set aside, and the appeal was disposed of, with Respondent No. 1 directed to refund the first installment without interest.
SC held that Respondent No. 1 breached multiple contractual obligations in the allotment agreement, including failure to secure statutory approvals and execute sub-lease documents. The court ordered Respondent No. 1 to refund Rs. 28,11,31,939 to the Appellant. However, due to the Appellant's questionable conduct and violation of the "clean hands" doctrine, the court denied any additional interest on the refunded amount. The impugned High Court judgment was set aside, and the appeal was disposed of, with Respondent No. 1 directed to refund the first installment without interest.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
