Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
Rebuttable search presumptions and corroboration standards shaped deletion of unsubstantiated additions, while rental income and limited profit estima...
A shareholder could not maintain a challenge to a concluded liquidation sale, and his separate status as personal guarantor had lost significance after a bankruptcy order. The objections to the e-auction also failed on merits: allegations of fraud and collusion were unsubstantiated, the auction notices were published in newspapers of wide circulation, and non-registration of the sale certificate was no bar because intimation to the Sub-Registrar was sufficient. Once the auction was confirmed, full consideration was paid, and the sale certificate issued, the liquidation sale stood closed and could not be reopened on unsupported objections.
A shareholder could not maintain a challenge to a concluded liquidation sale, and his separate status as personal guarantor had lost significance after a bankruptcy order. The objections to the e-auction also failed on merits: allegations of fraud and collusion were unsubstantiated, the auction notices were published in newspapers of wide circulation, and non-registration of the sale certificate was no bar because intimation to the Sub-Registrar was sufficient. Once the auction was confirmed, full consideration was paid, and the sale certificate issued, the liquidation sale stood closed and could not be reopened on unsupported objections.
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