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...
Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
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NCLAT set aside the impugned approval of the resolution plan and disposed of the appeal, holding that the RP failed to value and disclose all assets of the corporate debtor as mandated by Reg. 35 and related definitions; assets include all rights, entitlements and properties, not only fixed assets. The tribunal found material assets were omitted from the CIRP information memorandum and that the CoC lacked essential information to exercise commercial wisdom. RP's excuses regarding absence during enforcement action were rejected. Given procedural infirmities and inaction by the successful resolution applicant, NCLAT directed issuance of a fresh Form G and completion of the CIRP, including reconsideration of resolution plans, within three months.
NCLAT set aside the impugned approval of the resolution plan and disposed of the appeal, holding that the RP failed to value and disclose all assets of the corporate debtor as mandated by Reg. 35 and related definitions; assets include all rights, entitlements and properties, not only fixed assets. The tribunal found material assets were omitted from the CIRP information memorandum and that the CoC lacked essential information to exercise commercial wisdom. RP's excuses regarding absence during enforcement action were rejected. Given procedural infirmities and inaction by the successful resolution applicant, NCLAT directed issuance of a fresh Form G and completion of the CIRP, including reconsideration of resolution plans, within three months.
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