Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
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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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