Transfer pricing adjustments for software services, corporate guarantees, expense characterisation and foreign tax credit affirmed under arm's length ...
Scientific Research approval for Sikshya O Anusandhan under section 35(1)(ii) granted subject to reporting, certification, and compliance requirements...
NCLAT permitted correction of the nomenclature of the pending application from "Review" to "Recall," noting that the body already treated it as a recall application, and found no necessity to restrain NCLT from proceeding with the creditor's Section 7 IBC application. On the substantive prayer to recall and set aside NCLAT's earlier order (and thereby restore NCLT's dismissal of the Section 7 application), NCLAT held that the applicant was impermissibly seeking a re-appreciation of its judgment in the guise of recall, particularly after having approached the SC and not pressing the appeal. The recall application was dismissed.
NCLAT permitted correction of the nomenclature of the pending application from "Review" to "Recall," noting that the body already treated it as a recall application, and found no necessity to restrain NCLT from proceeding with the creditor's Section 7 IBC application. On the substantive prayer to recall and set aside NCLAT's earlier order (and thereby restore NCLT's dismissal of the Section 7 application), NCLAT held that the applicant was impermissibly seeking a re-appreciation of its judgment in the guise of recall, particularly after having approached the SC and not pressing the appeal. The recall application was dismissed.
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