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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NCLAT rejected the appellant's interim relief application in an oppression and mismanagement dispute. The tribunal declined to grant an interim order restraining the proposed extraordinary general meeting, finding the appellant's conduct prima facie breached a service contract. The court emphasized that interim relief is a discretionary remedy contingent upon establishing a prima facie case, and the appellant's actions did not merit equitable intervention. The tribunal's decision was grounded in the principle that interlocutory orders are not mandatory and can be withheld based on the applicant's conduct. Consequently, the appeal was deemed misconceived and summarily dismissed.
NCLAT rejected the appellant's interim relief application in an oppression and mismanagement dispute. The tribunal declined to grant an interim order restraining the proposed extraordinary general meeting, finding the appellant's conduct prima facie breached a service contract. The court emphasized that interim relief is a discretionary remedy contingent upon establishing a prima facie case, and the appellant's actions did not merit equitable intervention. The tribunal's decision was grounded in the principle that interlocutory orders are not mandatory and can be withheld based on the applicant's conduct. Consequently, the appeal was deemed misconceived and summarily dismissed.
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