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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The NCLAT affirmed the AA's liquidation order and dismissed the appeal, holding that the Secured Creditor's interlocutory application for condonation of delay under Regulation 21A was rightly dismissed. The AA had relied on the CoC resolution contemporaneous with the liquidation order, and no timely communication was received from the Secured Creditor declining relinquishment of security; its first communication arrived belatedly. The Secured Creditor failed to prosecute or seek recall of the dismissal, and the Liquidator thereafter sold the secured assets and issued a sale certificate in favour of the purchaser. The Tribunal found no infirmity warranting interference and denied relief to the Appellant.
The NCLAT affirmed the AA's liquidation order and dismissed the appeal, holding that the Secured Creditor's interlocutory application for condonation of delay under Regulation 21A was rightly dismissed. The AA had relied on the CoC resolution contemporaneous with the liquidation order, and no timely communication was received from the Secured Creditor declining relinquishment of security; its first communication arrived belatedly. The Secured Creditor failed to prosecute or seek recall of the dismissal, and the Liquidator thereafter sold the secured assets and issued a sale certificate in favour of the purchaser. The Tribunal found no infirmity warranting interference and denied relief to the Appellant.
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