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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The High Court dismissed the petition challenging the order of the Insolvency and Bankruptcy Board of India (IBBI) suspending the registration of the petitioner as an Insolvency Professional for two years. The court held that the contention of the petitioner regarding the improper constitution of the Disciplinary Committee was untenable. The IBBI was within its authority to investigate and take action against the petitioner for misconduct, irrespective of separate proceedings before the Adjudicating Authority. The material on record showed the petitioner's failure to preserve the assets, hand over records to the liquidator, and prevent unauthorized transfers, violating provisions of the Insolvency and Bankruptcy Code (IBC) and regulations. The court reiterated the limited scope of judicial review in commercial and technical matters, emphasizing restraint unless arbitrariness, unreasonableness, mala fide, bias, or irrationality is clearly established. The court found no reason to interfere with the IBBI's order, which followed due procedure.
The High Court dismissed the petition challenging the order of the Insolvency and Bankruptcy Board of India (IBBI) suspending the registration of the petitioner as an Insolvency Professional for two years. The court held that the contention of the petitioner regarding the improper constitution of the Disciplinary Committee was untenable. The IBBI was within its authority to investigate and take action against the petitioner for misconduct, irrespective of separate proceedings before the Adjudicating Authority. The material on record showed the petitioner's failure to preserve the assets, hand over records to the liquidator, and prevent unauthorized transfers, violating provisions of the Insolvency and Bankruptcy Code (IBC) and regulations. The court reiterated the limited scope of judicial review in commercial and technical matters, emphasizing restraint unless arbitrariness, unreasonableness, mala fide, bias, or irrationality is clearly established. The court found no reason to interfere with the IBBI's order, which followed due procedure.
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