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 allowed the appeal, set aside the impugned order and held that the IA filed by the appellant (corporate debtor) for placing additional documents on record should be permitted. The Tribunal found no abuse of process or intentional delay by the appellant, noting replies were filed within time and no adjournment was sought. Relying on Rule 55, the Tribunal observed that leave to file documents after reply is permissible and that Section 8(2) does not preclude later supplementation of record when pleadings conclude. The matter is remitted to the Adjudicating Authority to adjudicate the admissibility and relevancy of the proffered documents and proceed accordingly.
NCLAT allowed the appeal, set aside the impugned order and held that the IA filed by the appellant (corporate debtor) for placing additional documents on record should be permitted. The Tribunal found no abuse of process or intentional delay by the appellant, noting replies were filed within time and no adjournment was sought. Relying on Rule 55, the Tribunal observed that leave to file documents after reply is permissible and that Section 8(2) does not preclude later supplementation of record when pleadings conclude. The matter is remitted to the Adjudicating Authority to adjudicate the admissibility and relevancy of the proffered documents and proceed accordingly.
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