Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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NCLAT upheld the lower tribunal's order, rejecting the Corporate Debtor's challenge to a Section 7 insolvency application. The tribunal found that pre-equated monthly installments (PEMI) were payable immediately after loan disbursement, constituting a valid default. The court determined that the financial creditor met all statutory requirements, including debt existence, default proof, and threshold amount. The appellant failed to provide concrete evidence of impropriety, and the original Section 7 application was deemed properly adjudicated. Consequently, the appeal was dismissed without merit, affirming the initial insolvency proceedings against the Corporate Debtor.
NCLAT upheld the lower tribunal's order, rejecting the Corporate Debtor's challenge to a Section 7 insolvency application. The tribunal found that pre-equated monthly installments (PEMI) were payable immediately after loan disbursement, constituting a valid default. The court determined that the financial creditor met all statutory requirements, including debt existence, default proof, and threshold amount. The appellant failed to provide concrete evidence of impropriety, and the original Section 7 application was deemed properly adjudicated. Consequently, the appeal was dismissed without merit, affirming the initial insolvency proceedings against the Corporate Debtor.
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