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...
Admission of Section 7 application - Assignment Agreement - Proper stamping of the agreement - Existence of Debt and Default - Corporate Guarantee - The Appellate Tribunal (NCLAT) dismissed the challenges against the validity of the debt assignment and confirmed the procedural correctness of the creditor's actions under the insolvency code. The repeated failures of the corporate debtor to fulfill settlement promises reinforced the decision to proceed with CIRP, highlighting the debtor's inability to manage its financial obligations effectively.
Admission of Section 7 application - Assignment Agreement - Proper stamping of the agreement - Existence of Debt and Default - Corporate Guarantee - The Appellate Tribunal (NCLAT) dismissed the challenges against the validity of the debt assignment and confirmed the procedural correctness of the creditor's actions under the insolvency code. The repeated failures of the corporate debtor to fulfill settlement promises reinforced the decision to proceed with CIRP, highlighting the debtor's inability to manage its financial obligations effectively.
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