Maintainability of a Section 7 insolvency petition against a financial service provider denied; appeal dismissed for non maintainability and complex d...
Provisional attachment under Prevention of Money Laundering Act requires exhaustion of statutory remedies; impugned order set aside, appeal to tribuna...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolut...
Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipien...
Transfer pricing dispute over use of TNMM: tribunal excluded specified comparables (Eclerx Services, Infosys BPO, Accentia) due to functional dissimilarity, directing AO/TPO to revise comparable set. Deduction claims under Section 10A: UB Plaza unit allowed as change of ownership by slump sale does not by itself defeat eligibility (CBDT Circular No.1/2013 noted); Titanium STPI unit remitted to AO for fresh factual and documentary verification and allocation of eligible profits if treated as expansion; STPI unit acquired from Reuters to be allowed. Claims on goodwill depreciation remitted for de novo AO verification; depreciation on software not hit by withholding provisions as it is an allowance, not revenue expenditure.
Transfer pricing dispute over use of TNMM: tribunal excluded specified comparables (Eclerx Services, Infosys BPO, Accentia) due to functional dissimilarity, directing AO/TPO to revise comparable set. Deduction claims under Section 10A: UB Plaza unit allowed as change of ownership by slump sale does not by itself defeat eligibility (CBDT Circular No.1/2013 noted); Titanium STPI unit remitted to AO for fresh factual and documentary verification and allocation of eligible profits if treated as expansion; STPI unit acquired from Reuters to be allowed. Claims on goodwill depreciation remitted for de novo AO verification; depreciation on software not hit by withholding provisions as it is an allowance, not revenue expenditure.
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