Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
A corporate debtor remains a separate juristic person even where it forms part of a group, and Regulation 29 of the Liquidation Process Regulations permits set-off only for mutual dealings between the corporate debtor and the same counterparty. The Tribunal rejected cross-entity aggregation of claims through the Group of Companies Doctrine, noting that each BISCON entity had undergone separate CIRP or liquidation and had separate billing and deposits. The appellant had also filed separate claims and disclosed no mutual set-off in the present proceeding. The liquidator was therefore entitled to recover the refundable balance as part of the liquidation estate, and the appeal was dismissed.
A corporate debtor remains a separate juristic person even where it forms part of a group, and Regulation 29 of the Liquidation Process Regulations permits set-off only for mutual dealings between the corporate debtor and the same counterparty. The Tribunal rejected cross-entity aggregation of claims through the Group of Companies Doctrine, noting that each BISCON entity had undergone separate CIRP or liquidation and had separate billing and deposits. The appellant had also filed separate claims and disclosed no mutual set-off in the present proceeding. The liquidator was therefore entitled to recover the refundable balance as part of the liquidation estate, and the appeal was dismissed.
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