Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
A resolution plan was rejected because material non-compliances in the CIRP, including inadequate disclosure of avoidance/PUFE transactions, non-transparent handling of those proceedings, and lapses in performance security, undermined the fairness of the process. The Appellate Tribunal held that the Committee of Creditors' commercial wisdom could not cure defects where other applicants were deprived of material information and the plan proceeded on incomplete disclosure. It also upheld adverse findings against the erstwhile resolution professional, noting unsatisfactory explanations for failures in dealing with avoidance applications and security compliance. Both appeals were dismissed, and the direction to investigate the resolution professional's conduct was maintained.
A resolution plan was rejected because material non-compliances in the CIRP, including inadequate disclosure of avoidance/PUFE transactions, non-transparent handling of those proceedings, and lapses in performance security, undermined the fairness of the process. The Appellate Tribunal held that the Committee of Creditors' commercial wisdom could not cure defects where other applicants were deprived of material information and the plan proceeded on incomplete disclosure. It also upheld adverse findings against the erstwhile resolution professional, noting unsatisfactory explanations for failures in dealing with avoidance applications and security compliance. Both appeals were dismissed, and the direction to investigate the resolution professional's conduct was maintained.
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