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...
Page of 4828
Press 'Enter' after typing page number.
161 to 180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The NCLAT affirmed that the guarantor's liability arose upon classification of the loan account as an NPA on 31.10.2015, with limitation commencing from the issuance of the Debt Recovery Certificate (DRC) dated 09.07.2019. Applying the Apex Court's exclusion of the COVID-19 period (15.03.2020 to 28.02.2022), the proceedings initiated on 05.07.2023 fall within the prescribed limitation. The DRC conferred fresh cause of action, establishing the certificate holder as Financial Creditor under Section 5(7) of the IBC, 2016. Notices issued under Rule 7 and Section 13(2) of the SARFAESI Act were valid and continuous, negating any limitation or procedural defect claims. The Tribunal's findings on limitation and notice issuance were upheld as free from error. Consequently, the appeal was dismissed, confirming the validity of initiation and continuation of insolvency proceedings within the statutory timeframe.
The NCLAT affirmed that the guarantor's liability arose upon classification of the loan account as an NPA on 31.10.2015, with limitation commencing from the issuance of the Debt Recovery Certificate (DRC) dated 09.07.2019. Applying the Apex Court's exclusion of the COVID-19 period (15.03.2020 to 28.02.2022), the proceedings initiated on 05.07.2023 fall within the prescribed limitation. The DRC conferred fresh cause of action, establishing the certificate holder as Financial Creditor under Section 5(7) of the IBC, 2016. Notices issued under Rule 7 and Section 13(2) of the SARFAESI Act were valid and continuous, negating any limitation or procedural defect claims. The Tribunal's findings on limitation and notice issuance were upheld as free from error. Consequently, the appeal was dismissed, confirming the validity of initiation and continuation of insolvency proceedings within the statutory timeframe.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
