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Bombay High Court Quashes TPO Order in Transfer Pricing Adjustment for Demerger Transaction. Held that transfer pricing provisions under Section 92 of Income Tax Act, 1961 do not apply to a demerger approved by High Court where assets and liabilities are transferred at book value without any consideration.

The petitioner, Times Global Broadcasting Company Ltd, a wholly owned subsidiary of Benett, Coleman and Company Ltd (BCCL), was engaged in distributio...

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High Court of Karnataka Allows Transfer of Winding Up Petitions to NCLT Under Section 434(1) of Companies Act, 2013 — Mandatory Transfer of Pending Proceedings Where No Winding Up Order Has Been Passed.

The judgment concerns two company applications filed by M/s. Nitesh Residency Hotels Pvt. Ltd. seeking transfer of pending winding up petitions (Compa...

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Karnataka High Court Adjudicates Writ Petition Challenging Transfer Order of Workman for Alleged Violation of Certified Standing Orders. Petition Raises Question Whether Inter-Unit Transfer is Permissible Under Standing Order Clause 7 and Industrial Employment (Standing Orders) Act, 1946.

The petitioners, a Junior Section Officer employee (first petitioner) and a registered Trade Union (second petitioner), challenged an inter-unit trans...

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High Court of Bombay at Aurangabad Dismisses Writ Petition Challenging Transfer Order in Service Matter — Transfer Upheld as Administrative Necessity. Short Tenure and Alleged Malafides Not Sufficient to Interfere with Transfer Order Issued in Public Interest.

The petitioner, an Executive Engineer in the Public Works Department of Maharashtra, challenged his transfer order dated 31.5.2011 from Jalna to Yeotm...

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Bombay High Court Dismisses Police Constable's Challenge to Transfer Order, Upholding Administrative Transfer as Routine and Not Punitive. Transfer from Aurangabad to Kannad Held to Be in Public Interest and Not Vitiated by Malafides.

The petitioner, Ashok Rangnath Barde, a Police Head Constable serving at Aurangabad (Rural), was transferred to Kannad by an order dated 22nd December...

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High Court of Karnataka Considers Application Under Section 434 Companies Act Seeking Transfer of Winding-Up Petition to NCLT. Applicant Argues No Irreversible Steps Taken, Citing Supreme Court Precedent.

The matter arose from a Company Petition filed in 2010 seeking winding up of Broadcast Infratel India Private Limited on grounds of unpaid admitted de...