Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
CIRP - Liquidation proceedings - Rejection of claim of Yes Bank for transfer of VAT refund to the account of FEMC Pratibha JV - non relinquishing of security interest as part of liquidation estate - The Appellate Tribunal upheld the Adjudicating Authority's decision, dismissing the appeal. The VAT refund was correctly transferred to the Corporate Debtor's account, and Yes Bank's failure to comply with Regulation 21A justified the inclusion of secured assets in the liquidation estate. The appeal lacked merit and was dismissed.
CIRP - Liquidation proceedings - Rejection of claim of Yes Bank for transfer of VAT refund to the account of FEMC Pratibha JV - non relinquishing of security interest as part of liquidation estate - The Appellate Tribunal upheld the Adjudicating Authority's decision, dismissing the appeal. The VAT refund was correctly transferred to the Corporate Debtor's account, and Yes Bank's failure to comply with Regulation 21A justified the inclusion of secured assets in the liquidation estate. The appeal lacked merit and was dismissed.
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