Transfer pricing margin adjustments require matching treatment of non-operating income and related costs, with comparability issues reconsidered on ev...
Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Page of 4811
Press 'Enter' after typing page number.
361 to 380 of 96208 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Non-payment on the contractual due date constitutes a default under the Insolvency and Bankruptcy Code, and later adjustment of dues from cash collateral does not erase that historical default; it only affects the outstanding computation. The Appellate Tribunal noted that the Section 7 pleadings disclosed the facility documents, the missed payment, the subsequent recoupment from security, the loan recall notice, and the continuing liability. It held that the Adjudicating Authority erred in treating the application as defective for want of a correct default date or updated calculation. The rejection of the Section 7 application was set aside and the matter was restored for fresh consideration in accordance with law.
Non-payment on the contractual due date constitutes a default under the Insolvency and Bankruptcy Code, and later adjustment of dues from cash collateral does not erase that historical default; it only affects the outstanding computation. The Appellate Tribunal noted that the Section 7 pleadings disclosed the facility documents, the missed payment, the subsequent recoupment from security, the loan recall notice, and the continuing liability. It held that the Adjudicating Authority erred in treating the application as defective for want of a correct default date or updated calculation. The rejection of the Section 7 application was set aside and the matter was restored for fresh consideration in accordance with law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
