Timing mismatch in income recognition requires verification whether receipts were already taxed in an earlier year; matter remitted for fresh examinat...
FOB transaction value and export incentives: customs valuation cannot override contractual export benefits or support confiscation without valid proof...
During CIRP, a resolution professional may require related or connected entities to furnish mall revenue records, including rent and parking income, when the information is needed to collect, collate and verify the corporate debtor's affairs. Producing records is treated as a preliminary disclosure step and does not decide ownership, contractual validity, entitlement to revenue, or any avoidance issue. A plea of separate legal personality or disputed 2018 agreements does not defeat cooperation where the entity has an admitted nexus with the corporate debtor. A cross-objection objection also fails where no enlargement of relief is sought.
During CIRP, a resolution professional may require related or connected entities to furnish mall revenue records, including rent and parking income, when the information is needed to collect, collate and verify the corporate debtor's affairs. Producing records is treated as a preliminary disclosure step and does not decide ownership, contractual validity, entitlement to revenue, or any avoidance issue. A plea of separate legal personality or disputed 2018 agreements does not defeat cooperation where the entity has an admitted nexus with the corporate debtor. A cross-objection objection also fails where no enlargement of relief is sought.
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