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...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
HC dismissed the writ petitions challenging the proposed IPO of Respondent No. 2 and refused interim relief to keep the public issue or listing in abeyance. It held that the IPO complies with Regulation 6(2) of the ICDR Regulations, 2018, and that the RHP and DRHP contain adequate and material disclosures regarding chargesheets against the promoters, satisfying statutory requirements. The court rejected the contention that SEBI must apply "fit and proper" criteria, holding that ICDR Regulations are exhaustive and SEBI's role is supervisory while primary disclosure obligations lie with BRLMs. Doubts were expressed about petitioners' bona fides, and the writ petitions were dismissed on merits.
HC dismissed the writ petitions challenging the proposed IPO of Respondent No. 2 and refused interim relief to keep the public issue or listing in abeyance. It held that the IPO complies with Regulation 6(2) of the ICDR Regulations, 2018, and that the RHP and DRHP contain adequate and material disclosures regarding chargesheets against the promoters, satisfying statutory requirements. The court rejected the contention that SEBI must apply "fit and proper" criteria, holding that ICDR Regulations are exhaustive and SEBI's role is supervisory while primary disclosure obligations lie with BRLMs. Doubts were expressed about petitioners' bona fides, and the writ petitions were dismissed on merits.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4830 
Join Channel 
