Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
Data transmission equipment classification under CTSH 8517 62 remains distinct from residual classification, with exemption evidence requiring scrutin...
In Section 7 insolvency proceedings, intervention by a third party is not warranted merely because it claims an interest under an unregistered agreement for sale. The Appellate Tribunal held that Order I Rule 10 CPC principles may guide, but do not directly govern, the Code; the relevant inquiry is whether the person is a necessary or proper party to adjudication of the financial creditor's claim against the corporate debtor on default. Because the appellant held no conveyance and its claim, if any, lay only against the corporate debtor, it had no legal status requiring impleadment. The refusal to intervene was upheld.
In Section 7 insolvency proceedings, intervention by a third party is not warranted merely because it claims an interest under an unregistered agreement for sale. The Appellate Tribunal held that Order I Rule 10 CPC principles may guide, but do not directly govern, the Code; the relevant inquiry is whether the person is a necessary or proper party to adjudication of the financial creditor's claim against the corporate debtor on default. Because the appellant held no conveyance and its claim, if any, lay only against the corporate debtor, it had no legal status requiring impleadment. The refusal to intervene was upheld.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
