Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
The SC dismissed the appellant's company petition on grounds of maintainability and delay under Section 244(b) of the Companies Act, 2013. The court upheld the NCLAT's finding that the appellant's claim of continued membership was untenable and lacked credibility. The SC found no merit to disturb the impugned order of the NCLAT, affirming that the petition was not maintainable due to the appellant's inaction and delay. Consequently, the appeal was dismissed.
The SC dismissed the appellant's company petition on grounds of maintainability and delay under Section 244(b) of the Companies Act, 2013. The court upheld the NCLAT's finding that the appellant's claim of continued membership was untenable and lacked credibility. The SC found no merit to disturb the impugned order of the NCLAT, affirming that the petition was not maintainable due to the appellant's inaction and delay. Consequently, the appeal was dismissed.
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