Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Rejection of claim filed by appellant - Appellant states that the Respondent / CD, did not perform its part of the contract from its inception and did not establish the letters of credit as contemplated - The Tribunal concurs with the Respondent that claims lacking supporting documents cannot be admitted. It upholds the Liquidator's decision to reject claims that lack substantiation and require adjudication by a competent civil court or arbitrator. Regarding the role of the Liquidator, the Tribunal agrees that her actions align with the IBC and Liquidation Regulations. She is obligated to verify claims based on available information and is not empowered to adjudicate disputes between parties.
Rejection of claim filed by appellant - Appellant states that the Respondent / CD, did not perform its part of the contract from its inception and did not establish the letters of credit as contemplated - The Tribunal concurs with the Respondent that claims lacking supporting documents cannot be admitted. It upholds the Liquidator's decision to reject claims that lack substantiation and require adjudication by a competent civil court or arbitrator. Regarding the role of the Liquidator, the Tribunal agrees that her actions align with the IBC and Liquidation Regulations. She is obligated to verify claims based on available information and is not empowered to adjudicate disputes between parties.
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