Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
A registered assignment deed may operate retrospectively from its execution under Section 47 of the Registration Act, allowing an asset reconstruction company's assigned financial debt to be considered in a corporate insolvency application despite registration after execution. The notes also explain that production and admission of the relevant trust deed cures the deficiency concerning the company's authority to institute proceedings. Accordingly, rejection based on non-registration of the assignment deed or non-production of the trust deed cannot stand, and the insolvency application must be reconsidered on its merits. The issue of stamp duty under the Kerala Stamp Act remained undetermined.
A registered assignment deed may operate retrospectively from its execution under Section 47 of the Registration Act, allowing an asset reconstruction company's assigned financial debt to be considered in a corporate insolvency application despite registration after execution. The notes also explain that production and admission of the relevant trust deed cures the deficiency concerning the company's authority to institute proceedings. Accordingly, rejection based on non-registration of the assignment deed or non-production of the trust deed cannot stand, and the insolvency application must be reconsidered on its merits. The issue of stamp duty under the Kerala Stamp Act remained undetermined.
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