Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
Approval of a resolution plan freezes and binds claims against the corporate debtor, including claims of central, state and local authorities. Statutory dues that are not included in the plan stand extinguished, and recovery proceedings for dues arising before approval cannot continue. Electricity-duty and mining-related demands were therefore unenforceable where the authorities, despite public notice, neither lodged claims during the corporate insolvency resolution process nor challenged approval of the plan. The outstanding claims were extinguished and the impugned demand notices were quashed.
Approval of a resolution plan freezes and binds claims against the corporate debtor, including claims of central, state and local authorities. Statutory dues that are not included in the plan stand extinguished, and recovery proceedings for dues arising before approval cannot continue. Electricity-duty and mining-related demands were therefore unenforceable where the authorities, despite public notice, neither lodged claims during the corporate insolvency resolution process nor challenged approval of the plan. The outstanding claims were extinguished and the impugned demand notices were quashed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4884 
