Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
Insolvency and BankruptcyApril 16, 2024Case LawsTri
Approval of the Repayment Plan submitted by the Personal Guarantor - Despite the RP's efforts to submit a repayment plan, it was ultimately rejected by the majority of creditors. Consequently, the Tribunal noted that creditors had the option to file for bankruptcy under Chapter IV, and the RP was relieved of their duties. However, the Tribunal ensured that the RP's approved fees and expenses were to be paid.
Approval of the Repayment Plan submitted by the Personal Guarantor - Despite the RP's efforts to submit a repayment plan, it was ultimately rejected by the majority of creditors. Consequently, the Tribunal noted that creditors had the option to file for bankruptcy under Chapter IV, and the RP was relieved of their duties. However, the Tribunal ensured that the RP's approved fees and expenses were to be paid.
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