Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
The NCLAT held that the moratorium u/s 14 of the IBC shall not impede the invocation of an irrevocable bank guarantee, which is an independent and separate contract between the parties. If the bank guarantee is invoked and any amount is received by Respondent No. 1, their claim has to be revised as intimated by the IRP. The Appellate Tribunal found no error committed by the Adjudicating Authority in allowing the application filed by the Respondent and dismissed the appeal.
The NCLAT held that the moratorium u/s 14 of the IBC shall not impede the invocation of an irrevocable bank guarantee, which is an independent and separate contract between the parties. If the bank guarantee is invoked and any amount is received by Respondent No. 1, their claim has to be revised as intimated by the IRP. The Appellate Tribunal found no error committed by the Adjudicating Authority in allowing the application filed by the Respondent and dismissed the appeal.
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