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 HC held that the registered sale deeds executed after commencement of the Company's winding up did not confer valid title against the Company; because registered powers of attorney in favour of former employees remained unrevoked, receipts and custody of originals were with the Company, the only reasonable inference was Company ownership. Consequently Section 536 Companies Act, 1956 rendered dispositions made after commencement of winding up void unless court-validated; no validation was warranted as the applicants' claims were adverse to Company interests. The court declared the sale deeds and consequent revenue mutations void and dismissed the applications.
The HC held that the registered sale deeds executed after commencement of the Company's winding up did not confer valid title against the Company; because registered powers of attorney in favour of former employees remained unrevoked, receipts and custody of originals were with the Company, the only reasonable inference was Company ownership. Consequently Section 536 Companies Act, 1956 rendered dispositions made after commencement of winding up void unless court-validated; no validation was warranted as the applicants' claims were adverse to Company interests. The court declared the sale deeds and consequent revenue mutations void and dismissed the applications.
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