Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
NCLAT dismissed the appeal and upheld the impugned order approving the resolution plan. The Tribunal held that Clause 13.1.2 of the approved plan unambiguously provides that all employee dues, including gratuity, are payable from the Rs.6,30,10,916 allotted for employees; gratuity is not payable in addition to that sum. Separately, Rs.10,51,00,841 related solely to provident/pension/gratuity funds was admitted and paid. The RP's communication confirming gratuity liability of Rs.2,86,32,757 fell within the employee payout and its pro rata distribution conformed with the plan. No contravention of Section 30(2) or IBC compliance was found; appeal dismissed.
NCLAT dismissed the appeal and upheld the impugned order approving the resolution plan. The Tribunal held that Clause 13.1.2 of the approved plan unambiguously provides that all employee dues, including gratuity, are payable from the Rs.6,30,10,916 allotted for employees; gratuity is not payable in addition to that sum. Separately, Rs.10,51,00,841 related solely to provident/pension/gratuity funds was admitted and paid. The RP's communication confirming gratuity liability of Rs.2,86,32,757 fell within the employee payout and its pro rata distribution conformed with the plan. No contravention of Section 30(2) or IBC compliance was found; appeal dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
