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...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
The SC dismissed the appeal as barred by limitation, affirming that the NCLAT correctly declined to condone a 283-day delay in filing the appeal under the Insolvency and Bankruptcy Code, 2016. The Court emphasized that the NCLAT acted within its jurisdiction and did not err in refusing to extend the limitation period. The appellant, despite being a statutory authority, failed to adhere to prescribed timelines and also incurred a further 147-day delay in approaching the SC. Consequently, the appeal was rejected both on grounds of inordinate delay and lack of merit.
The SC dismissed the appeal as barred by limitation, affirming that the NCLAT correctly declined to condone a 283-day delay in filing the appeal under the Insolvency and Bankruptcy Code, 2016. The Court emphasized that the NCLAT acted within its jurisdiction and did not err in refusing to extend the limitation period. The appellant, despite being a statutory authority, failed to adhere to prescribed timelines and also incurred a further 147-day delay in approaching the SC. Consequently, the appeal was rejected both on grounds of inordinate delay and lack of merit.
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