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...
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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