Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
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NCLAT dismissed the appeal challenging the auction notice and denied stay of the impugned order. The Tribunal found no procedural flaws in the liquidation process, noting that appellant's Section 230 scheme was filed with a 224-day delay after the Stakeholders Committee had already rejected it. The liquidator properly conducted valuation according to IBC provisions and regulations, and the auction had attained finality with sale certificate issuance on 17.07.2023. The Tribunal affirmed that completed auction proceedings with issued sale certificates cannot be revisited based on belated procedural challenges, particularly when the appellant failed to establish any procedural irregularities in the auction process.
NCLAT dismissed the appeal challenging the auction notice and denied stay of the impugned order. The Tribunal found no procedural flaws in the liquidation process, noting that appellant's Section 230 scheme was filed with a 224-day delay after the Stakeholders Committee had already rejected it. The liquidator properly conducted valuation according to IBC provisions and regulations, and the auction had attained finality with sale certificate issuance on 17.07.2023. The Tribunal affirmed that completed auction proceedings with issued sale certificates cannot be revisited based on belated procedural challenges, particularly when the appellant failed to establish any procedural irregularities in the auction process.
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