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...
The SC dismissed the challenge to the arbitral award and upheld the grant of even pendente lite interest against the respondent. The Court held the arbitral tribunal's power to award pendente lite interest is not ousted absent an agreement that expressly or by necessary implication bars such relief; a contractual clause prohibiting interest on delayed payments did not, read as a whole, preclude pendente lite interest. The Court found no legal error in the award warranting interference, and post-award interest accorded with the statutory framework extant then. The petition by the appellant seeking impugnation of the award was dismissed and the arbitral award affirmed.
The SC dismissed the challenge to the arbitral award and upheld the grant of even pendente lite interest against the respondent. The Court held the arbitral tribunal's power to award pendente lite interest is not ousted absent an agreement that expressly or by necessary implication bars such relief; a contractual clause prohibiting interest on delayed payments did not, read as a whole, preclude pendente lite interest. The Court found no legal error in the award warranting interference, and post-award interest accorded with the statutory framework extant then. The petition by the appellant seeking impugnation of the award was dismissed and the arbitral award affirmed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
