Constitutional personal-liberty safeguards limit PMLA twin bail conditions where completed investigations lead to prolonged incarceration before trial...
Automated airline software subscriptions without human intervention fail technical-services characterisation and do not make available underlying tech...
Business support recruitment and training receipts qualify for presumptive business taxation, not professional taxation under technical consultancy ru...
Treaty exemption for foreign permanent-establishment management fees prevailed, while dividend expense disallowance remained limited to an accepted al...
Centralised assessment transfers: participation after requesting centralisation can bar technical jurisdictional challenges, while assessment disputes...
Binding precedent remains operative despite pending challenge, supporting deletion of interest disallowance when debt is converted into preference sha...
Compulsory share buy-out orders in oppression and mismanagement proceedings require a prior finding that the alleged conduct falls within the statutory framework and satisfaction of the requisite conditions before remedial powers may be exercised. The share-purchase power is consequential rather than independent. A compulsory buy-out must also rest on the shares' current value at the determination date, or on a valuation closely proximate to that date. Failure to object to a valuation does not remove the Tribunal's duty to assess its genuineness and suitability. A valuation based on an earlier financial position was insufficient; the buy-out direction was quashed and fresh valuation and merits determination were required.
Compulsory share buy-out orders in oppression and mismanagement proceedings require a prior finding that the alleged conduct falls within the statutory framework and satisfaction of the requisite conditions before remedial powers may be exercised. The share-purchase power is consequential rather than independent. A compulsory buy-out must also rest on the shares' current value at the determination date, or on a valuation closely proximate to that date. Failure to object to a valuation does not remove the Tribunal's duty to assess its genuineness and suitability. A valuation based on an earlier financial position was insufficient; the buy-out direction was quashed and fresh valuation and merits determination were required.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4910 
