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 dismissed the company appeal, affirming NCLT's order under Section 66 IBC holding the appellants liable for fraudulent transactions of the corporate debtor. The Tribunal upheld findings regarding sale of a car, large cash withdrawals without supporting vouchers, opening of new bank accounts and diversion of receipts, as well as acts of removing files and attempting to break open the office lock, as indicative of fraudulent intent. NCLAT refused to admit additional documents produced for the first time in appeal, holding they did not satisfy Order 41 Rule 27 CPC requirements. It rejected the appellants' plea of denial of opportunity and sustained the direction to make them pay the determined amounts.
NCLAT dismissed the company appeal, affirming NCLT's order under Section 66 IBC holding the appellants liable for fraudulent transactions of the corporate debtor. The Tribunal upheld findings regarding sale of a car, large cash withdrawals without supporting vouchers, opening of new bank accounts and diversion of receipts, as well as acts of removing files and attempting to break open the office lock, as indicative of fraudulent intent. NCLAT refused to admit additional documents produced for the first time in appeal, holding they did not satisfy Order 41 Rule 27 CPC requirements. It rejected the appellants' plea of denial of opportunity and sustained the direction to make them pay the determined amounts.
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