Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
Insolvency and BankruptcySeptember 1, 2022Case LawsTri
Initiation of CIRP - Threshold limit for filing application - enhancement of minimum amount of default to one crore - filing of the petition was before that i.e. on 01.03.2020 - Since any notification issued by the Government are generally Prospective in nature unless specifically expressed, hence the notification is not applicable to the present case - the instant Application satisfies the pecuniary criteria under Section 9 of the Code, 2016. - Tri
Initiation of CIRP - Threshold limit for filing application - enhancement of minimum amount of default to one crore - filing of the petition was before that i.e. on 01.03.2020 - Since any notification issued by the Government are generally Prospective in nature unless specifically expressed, hence the notification is not applicable to the present case - the instant Application satisfies the pecuniary criteria under Section 9 of the Code, 2016. - Tri
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