Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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Corporate debtor failed to repay operational creditors' dues, leading to initiation of Corporate Insolvency Resolution Process (CIRP). The issue pertained to the effect of a winding-up petition filed by the appellant on the limitation period. The NCLAT held that the limitation period would not be halted due to the High Court's order on the winding-up petition, as the appellant failed to seek the Central Government's consent to pursue recovery against the respondent, despite being granted liberty. The NCLAT found no error in the impugned order and dismissed the appeal, upholding the Adjudicating Authority's decision that ample time was available for the appellant to seek the required consent.
Corporate debtor failed to repay operational creditors' dues, leading to initiation of Corporate Insolvency Resolution Process (CIRP). The issue pertained to the effect of a winding-up petition filed by the appellant on the limitation period. The NCLAT held that the limitation period would not be halted due to the High Court's order on the winding-up petition, as the appellant failed to seek the Central Government's consent to pursue recovery against the respondent, despite being granted liberty. The NCLAT found no error in the impugned order and dismissed the appeal, upholding the Adjudicating Authority's decision that ample time was available for the appellant to seek the required consent.
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