Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
HC modified interim injunction order in loan recovery matter involving Rs. 26 crores debt. While acknowledging petitioner's prima facie case based on respondent's books and admission letter, court found balance of convenience favored vacating bank account restraint requiring Rs. 40 crores minimum balance. Court noted NARCL's control over both parties provided adequate protection. Injunction modified to restrain disposal of disclosed investments and future investments while permitting normal business operations. SARFAESI Act security over scheduled assets deemed sufficient protection. Court emphasized parallel proceedings under SARFAESI Act and Arbitration Act can continue simultaneously. Petitioner retained liberty to seek interim relief before arbitrator. Application disposed with modified interim relief balancing creditor protection against debtor's operational requirements.
HC modified interim injunction order in loan recovery matter involving Rs. 26 crores debt. While acknowledging petitioner's prima facie case based on respondent's books and admission letter, court found balance of convenience favored vacating bank account restraint requiring Rs. 40 crores minimum balance. Court noted NARCL's control over both parties provided adequate protection. Injunction modified to restrain disposal of disclosed investments and future investments while permitting normal business operations. SARFAESI Act security over scheduled assets deemed sufficient protection. Court emphasized parallel proceedings under SARFAESI Act and Arbitration Act can continue simultaneously. Petitioner retained liberty to seek interim relief before arbitrator. Application disposed with modified interim relief balancing creditor protection against debtor's operational requirements.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
