Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
Data transmission equipment classification under CTSH 8517 62 remains distinct from residual classification, with exemption evidence requiring scrutin...
Locus standi of the appellant to file an appeal against the admission of a Section 7 application under the Insolvency and Bankruptcy Code (IBC) and the fulfillment of the threshold requirement for filing such an application. The key points are: The appellant, who is neither an allottee of the real estate project nor has any stake in it, lacks the locus standi to challenge the order admitting the Section 7 application. The application was filed by financial creditors in a class, alleging default by the corporate debtor in delivering possession of units within the agreed time. The application fulfilled the threshold requirement of being filed by at least 10% of the allottees, as it was filed by 29 out of 255 allottees. The Appellate Tribunal found no grounds to interfere with the impugned order and dismissed the appeal.
Locus standi of the appellant to file an appeal against the admission of a Section 7 application under the Insolvency and Bankruptcy Code (IBC) and the fulfillment of the threshold requirement for filing such an application. The key points are: The appellant, who is neither an allottee of the real estate project nor has any stake in it, lacks the locus standi to challenge the order admitting the Section 7 application. The application was filed by financial creditors in a class, alleging default by the corporate debtor in delivering possession of units within the agreed time. The application fulfilled the threshold requirement of being filed by at least 10% of the allottees, as it was filed by 29 out of 255 allottees. The Appellate Tribunal found no grounds to interfere with the impugned order and dismissed the appeal.
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