Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
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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