Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
Data transmission equipment classification under CTSH 8517 62 remains distinct from residual classification, with exemption evidence requiring scrutin...
Insolvency and BankruptcyMarch 20, 2024Case LawsAT
Initiation of CIRP - Failure to make deposits the entire OTS amount - In the interests of justice, the Tribunal directed the appellants and the investor to deposit the agreed amounts within ten days before the National Company Law Tribunal (NCLT) by way of Fixed Deposit Receipts (FDRs) in favor of the NCLT Registrar. It clarified that the Adjudicating Authority would decide on the Section 7 application based on these deposits.
Initiation of CIRP - Failure to make deposits the entire OTS amount - In the interests of justice, the Tribunal directed the appellants and the investor to deposit the agreed amounts within ten days before the National Company Law Tribunal (NCLT) by way of Fixed Deposit Receipts (FDRs) in favor of the NCLT Registrar. It clarified that the Adjudicating Authority would decide on the Section 7 application based on these deposits.
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