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 dismissed the appeal challenging rejection of a CIRP petition, holding that the appellant is not a "Financial Creditor" under the IBC. Examining the Reseller Agreement, the Tribunal found no disbursement of money as a loan, no obligation of repayment with interest, and no element of time value of money as required under Section 5(8) IBC. The arrangement was characterized as a commercial collaboration and revenue-sharing model linked to resale of goods on an online platform, with contingent, profit-based returns rather than assured interest. The Tribunal held the alleged debt does not qualify as "financial debt"; consequently, the insolvency proceedings were not maintainable and the appeal was rejected.
NCLAT dismissed the appeal challenging rejection of a CIRP petition, holding that the appellant is not a "Financial Creditor" under the IBC. Examining the Reseller Agreement, the Tribunal found no disbursement of money as a loan, no obligation of repayment with interest, and no element of time value of money as required under Section 5(8) IBC. The arrangement was characterized as a commercial collaboration and revenue-sharing model linked to resale of goods on an online platform, with contingent, profit-based returns rather than assured interest. The Tribunal held the alleged debt does not qualify as "financial debt"; consequently, the insolvency proceedings were not maintainable and the appeal was rejected.
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