Reopening of assessment cannot rest solely on an audit party's opinion; reassessment under Section 147/148 is impermissible and power of revision shou...
Tested party selection: functional analysis identified the least complex unit as the appropriate tested party, altering the transfer pricing adjustmen...
In an appeal arising from oppression and mismanagement proceedings under Sections 241-242 of the Companies Act, 2013, involving allegations of undue gains and filing of false records/documents and a request to implement an equal shareholding pattern between two family groups, the tribunal accepted a post-dispute settlement placed on record through a memorandum. Consideration under the settlement was tendered through two demand drafts produced before the tribunal, with directions for controlled handover and acknowledgments. On that basis, the impugned order under challenge was substituted by the settlement terms, and the appeal was closed in terms of the memorandum of settlement. - NCLAT
In an appeal arising from oppression and mismanagement proceedings under Sections 241-242 of the Companies Act, 2013, involving allegations of undue gains and filing of false records/documents and a request to implement an equal shareholding pattern between two family groups, the tribunal accepted a post-dispute settlement placed on record through a memorandum. Consideration under the settlement was tendered through two demand drafts produced before the tribunal, with directions for controlled handover and acknowledgments. On that basis, the impugned order under challenge was substituted by the settlement terms, and the appeal was closed in terms of the memorandum of settlement. - NCLAT
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