Functional comparability under TNMM supported exclusion of ITeS comparables with R&D, intangibles, diversified operations, or unavailable segmental da...
Principles of natural justice not violated. Transaction audit report shared with appellants, no objections raised. Resolution professional filed application detailing preferential, undervalued, and fraudulent transactions leading to unrecoverable admitted claims. Appellants given opportunity to file reply but failed to do so. Cannot complain of non-hearing after their own lapse and negligence. Application filed with separate heads of impugned transactions as per applicable precedent. Appeal dismissed for lack of merit.
Principles of natural justice not violated. Transaction audit report shared with appellants, no objections raised. Resolution professional filed application detailing preferential, undervalued, and fraudulent transactions leading to unrecoverable admitted claims. Appellants given opportunity to file reply but failed to do so. Cannot complain of non-hearing after their own lapse and negligence. Application filed with separate heads of impugned transactions as per applicable precedent. Appeal dismissed for lack of merit.
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