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...
Page of 4828
Press 'Enter' after typing page number.
161 to 180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The HC held that an auction purchaser is not liable for pre-sale municipal property tax arrears, interests, or penalties when the taxing authority failed to disclose such charges publicly or provide information upon request. The purchaser lacked actual or constructive notice of outstanding dues, as the Corporation only intimated the alleged liability post-sale during mutation proceedings. The Court reaffirmed that encumbrances must be ascertainable through public records and that municipal tax arrears do not constitute an encumbrance under the Companies Act. Consequently, the impugned demand letters were held unsustainable, and the taxing authority was precluded from recovering pre-purchase tax dues from the petitioner. The writ petition was allowed, relieving the purchaser from liability for arrears existing prior to the auction sale.
The HC held that an auction purchaser is not liable for pre-sale municipal property tax arrears, interests, or penalties when the taxing authority failed to disclose such charges publicly or provide information upon request. The purchaser lacked actual or constructive notice of outstanding dues, as the Corporation only intimated the alleged liability post-sale during mutation proceedings. The Court reaffirmed that encumbrances must be ascertainable through public records and that municipal tax arrears do not constitute an encumbrance under the Companies Act. Consequently, the impugned demand letters were held unsustainable, and the taxing authority was precluded from recovering pre-purchase tax dues from the petitioner. The writ petition was allowed, relieving the purchaser from liability for arrears existing prior to the auction sale.
Note: It is a system-generated summary and is for quick reference only.