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 upheld the NCLT's order rejecting the liquidator's plea for enhanced remuneration and exclusion of seven months from the liquidation period. It held that, under Section 35(1)(f) IBC, the litigations and steps taken to remove encumbrances, lift attachments, and take control of assets are routine statutory duties for effecting sale and value realisation of the corporate debtor's estate, not extraordinary work warranting higher fees or time exclusion. NCLAT found no misinterpretation by NCLT of the liquidator's request as extension of time, and no disregard of binding precedent, and concluded that the application lacked factual foundation and merit. The appeal was dismissed.
NCLAT upheld the NCLT's order rejecting the liquidator's plea for enhanced remuneration and exclusion of seven months from the liquidation period. It held that, under Section 35(1)(f) IBC, the litigations and steps taken to remove encumbrances, lift attachments, and take control of assets are routine statutory duties for effecting sale and value realisation of the corporate debtor's estate, not extraordinary work warranting higher fees or time exclusion. NCLAT found no misinterpretation by NCLT of the liquidator's request as extension of time, and no disregard of binding precedent, and concluded that the application lacked factual foundation and merit. The appeal was dismissed.
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