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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The NCLAT held that a contempt petition alleging violation of a subsequent SC order failed: the SC had adjudicated the related matter and the NCLAT's earlier order was set aside, but that decision did not assist the Appellant on the merits here. Reliance on Bhagwan Singh was rejected as inapposite because it arose from a High Court quashal under CrPC §482, whereas the Appellant's applications remain pending before the NCLT, Principal Bench. Those applications were adjourned for final hearing and, given their pendency and absence of prejudice, no interim relief was warranted. The appeal was accordingly dismissed and disposed of without grant of interim relief.
The NCLAT held that a contempt petition alleging violation of a subsequent SC order failed: the SC had adjudicated the related matter and the NCLAT's earlier order was set aside, but that decision did not assist the Appellant on the merits here. Reliance on Bhagwan Singh was rejected as inapposite because it arose from a High Court quashal under CrPC §482, whereas the Appellant's applications remain pending before the NCLT, Principal Bench. Those applications were adjourned for final hearing and, given their pendency and absence of prejudice, no interim relief was warranted. The appeal was accordingly dismissed and disposed of without grant of interim relief.
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