Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
No valid arbitration agreement arose from the tender terms, because clause 22 only provided for departmental reference to the Collector and internal appeal, while clause 20 merely regulated the position pending dispute resolution. The State Government also lacked authority under Section 143-A(3) of the 1965 Act to impose arbitration or appoint an arbitrator in the absence of party consent. The resulting proceedings were coram non judice and the award was non-est, and the Municipal Council's participation did not create estoppel or waive the jurisdictional defect. The High Court's decision was upheld and the special leave petition was dismissed.
No valid arbitration agreement arose from the tender terms, because clause 22 only provided for departmental reference to the Collector and internal appeal, while clause 20 merely regulated the position pending dispute resolution. The State Government also lacked authority under Section 143-A(3) of the 1965 Act to impose arbitration or appoint an arbitrator in the absence of party consent. The resulting proceedings were coram non judice and the award was non-est, and the Municipal Council's participation did not create estoppel or waive the jurisdictional defect. The High Court's decision was upheld and the special leave petition was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4800
Join Channel
TaxTMI 
