The ITAT Pune held that detailed agreements, invoices and supporting records established that management support services were actually rendered by the Associated Enterprise. It ruled that the payment was at arm’s length and deleted the entire transfer pricing adjustment.
NCLT held that courts cannot interfere with CoC’s commercial decisions where the resolution plan satisfies statutory requirements.
CESTAT remanded the excise case after holding that retrospective exemption under the Finance Act, 2015 required fresh adjudication of the duty demand.
Calcutta High Court quashed the assessment, demand and penalty proceedings after holding that the assessee was denied a meaningful opportunity of hearing.
CESTAT held voyage charter agreements were contracts for transportation of goods, not supply of tangible goods. The service tax demand was set aside.
CESTAT held SVLDRS benefits lapsed as payment was made after the extended deadline. Service tax and interest were upheld, but penalty was deleted.
NCLT held TReDS reverse factoring dues remained operational debt, not financial debt, making a Section 7 IBC insolvency petition not maintainable.
ITAT excluded EDCIL, Just Dial, Info Edge and India Exposition Mart as transfer pricing comparables due to functional differences and restored one comparable for verification.
NCLT held that a bank’s unilateral transfer of funds did not amount to a preferential transaction as the Corporate Debtor had not given the alleged preference.
NCLT permitted stakeholder meetings after accepting clarifications on forfeited warrants, disclosures, and scheme compliance under the Companies Act.
