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 dismissed appeals challenging a Section 7 IBC application, finding the petition within limitation period. The Tribunal held that consistent debt acknowledgment in balance sheets from FY 2015-16 to 2022-23 extended the limitation period under Section 18 of Limitation Act. Despite initial default on 31.03.2016, the Financial Creditor's evidence demonstrated continuing liability, with specific creditor details appearing in 2022-23 balance sheet. The Tribunal rejected arguments regarding improper NPA classification, affirming the Adjudicating Authority's findings that the debt was validly acknowledged and the application was not time-barred. Appeals were consequently dismissed as lacking merit.
NCLAT dismissed appeals challenging a Section 7 IBC application, finding the petition within limitation period. The Tribunal held that consistent debt acknowledgment in balance sheets from FY 2015-16 to 2022-23 extended the limitation period under Section 18 of Limitation Act. Despite initial default on 31.03.2016, the Financial Creditor's evidence demonstrated continuing liability, with specific creditor details appearing in 2022-23 balance sheet. The Tribunal rejected arguments regarding improper NPA classification, affirming the Adjudicating Authority's findings that the debt was validly acknowledged and the application was not time-barred. Appeals were consequently dismissed as lacking merit.
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