Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
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The NCLAT held that the Wockhardt Cephalosporin Facility, situated in an area of 13,000 sq. ft. within the larger property, is part of the liquidation estate of the CD. The CD had acquired leasehold rights over the entire area of 64,925 sq. mtrs. through the consent letter dated 09.03.2017 and Assignment Agreement dated 27.03.2018. The MIDC did not grant consent for sub-letting in favor of Wockhardt Ltd. The payment made by the Appellant pursuant to the RP's letter demanding unauthorized sub-letting charges cannot be construed as valid sub-letting. The Appellant's claim to exclude the 13,000 sq. ft. area from the CD's assets was rejected. The appeal was dismissed.
The NCLAT held that the Wockhardt Cephalosporin Facility, situated in an area of 13,000 sq. ft. within the larger property, is part of the liquidation estate of the CD. The CD had acquired leasehold rights over the entire area of 64,925 sq. mtrs. through the consent letter dated 09.03.2017 and Assignment Agreement dated 27.03.2018. The MIDC did not grant consent for sub-letting in favor of Wockhardt Ltd. The payment made by the Appellant pursuant to the RP's letter demanding unauthorized sub-letting charges cannot be construed as valid sub-letting. The Appellant's claim to exclude the 13,000 sq. ft. area from the CD's assets was rejected. The appeal was dismissed.
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