Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
Captive power transfer pricing and non-resident export commission rules support deletion of adjustments and withholding disallowance in discussed proc...
Page of 4780
Press 'Enter' after typing page number.
361 to 380 of 95596 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Prior approval of the Adjudicating Authority under the proviso to section 33(5) is mandatory before a liquidator initiates arbitration for a corporate debtor in liquidation. As arbitral proceedings commence when the request for reference is received under the Arbitration and Conciliation Act, the arbitration invocation notice cannot validly take effect before that approval. The discussion distinguishes a lack of prior approval from voidness: section 33(5) does not expressly nullify proceedings commenced without approval. On a purposive construction, post facto approval renders the invocation effective from the approval date, and subsequent arbitral steps must proceed afresh from that date.
Prior approval of the Adjudicating Authority under the proviso to section 33(5) is mandatory before a liquidator initiates arbitration for a corporate debtor in liquidation. As arbitral proceedings commence when the request for reference is received under the Arbitration and Conciliation Act, the arbitration invocation notice cannot validly take effect before that approval. The discussion distinguishes a lack of prior approval from voidness: section 33(5) does not expressly nullify proceedings commenced without approval. On a purposive construction, post facto approval renders the invocation effective from the approval date, and subsequent arbitral steps must proceed afresh from that date.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4780
Join Channel
TaxTMI 
