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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Enforcement against a non-party security provider is permitted where the provider voluntarily issued a cheque as security for the disputed arbitrable liability; the court treated the undated cheque, corresponding to the tribunal claim, as a voluntary guaranty thereby exposing the issuer to enforcement of the foreign arbitral award and corrective award. The decision rejected a requirement to pierce the corporate veil because liability rested on the 2nd respondent's own undertaking; the 1st respondent's insolvency reinforced the necessity of enforcement against the security provider to prevent injustice. The appellate order allows enforcement jointly and severally against both respondents on the cheque basis.
Enforcement against a non-party security provider is permitted where the provider voluntarily issued a cheque as security for the disputed arbitrable liability; the court treated the undated cheque, corresponding to the tribunal claim, as a voluntary guaranty thereby exposing the issuer to enforcement of the foreign arbitral award and corrective award. The decision rejected a requirement to pierce the corporate veil because liability rested on the 2nd respondent's own undertaking; the 1st respondent's insolvency reinforced the necessity of enforcement against the security provider to prevent injustice. The appellate order allows enforcement jointly and severally against both respondents on the cheque basis.
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