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 set aside the impugned Adjudicating Authority order and upheld the Committee of Creditors' approval of the sale of certain non-core, encumbered assets of the corporate debtor, holding that the CoC's decision to effect an outright transfer to related entities was a commercially rational choice within the exclusive domain of the CoC and thus non-justiciable except for compliance with the Code. The Tribunal held Regulation 29 does not prohibit a CoC-sanctioned sale where the secured creditors (who were CoC members) consented, and that Regulation 36A(1A) is inapplicable as it post-dates the CoC approval. Directions compelling separate RPs to invite independent bids exceeded the Adjudicating Authority's jurisdiction. Appeal disposed; sale permitted.
NCLAT set aside the impugned Adjudicating Authority order and upheld the Committee of Creditors' approval of the sale of certain non-core, encumbered assets of the corporate debtor, holding that the CoC's decision to effect an outright transfer to related entities was a commercially rational choice within the exclusive domain of the CoC and thus non-justiciable except for compliance with the Code. The Tribunal held Regulation 29 does not prohibit a CoC-sanctioned sale where the secured creditors (who were CoC members) consented, and that Regulation 36A(1A) is inapplicable as it post-dates the CoC approval. Directions compelling separate RPs to invite independent bids exceeded the Adjudicating Authority's jurisdiction. Appeal disposed; sale permitted.
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