Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The NCLAT, an Appellate Tribunal, addressed a contempt petition regarding the determination of the Resolution Professional's (RP's) fees and expenses. The Appellate Tribunal held that the Adjudicating Authority has jurisdiction to determine the fees and expenses under Regulation 33(2) of CIRP Regulations 2016. The Adjudicating Authority complied with the Tribunal's direction to determine the fees. The Financial Creditor was directed to pay Rs. 7,30,000/- as RP's fee and Rs. 2,41,512/- as CIRP expenses, with a specific payment timeline. An uncalled-for direction was set aside, and the appeal was disposed of, emphasizing the Financial Creditor's liability to pay the determined amounts.
The NCLAT, an Appellate Tribunal, addressed a contempt petition regarding the determination of the Resolution Professional's (RP's) fees and expenses. The Appellate Tribunal held that the Adjudicating Authority has jurisdiction to determine the fees and expenses under Regulation 33(2) of CIRP Regulations 2016. The Adjudicating Authority complied with the Tribunal's direction to determine the fees. The Financial Creditor was directed to pay Rs. 7,30,000/- as RP's fee and Rs. 2,41,512/- as CIRP expenses, with a specific payment timeline. An uncalled-for direction was set aside, and the appeal was disposed of, emphasizing the Financial Creditor's liability to pay the determined amounts.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
