Restriction of Input Tax Credit under Rule 86A applies only to fraudulently or ineligible availed credit; mere wrongful recipient availment is insuffi...
Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
An interlocutory direction requiring the Committee of Creditors to reconsider approval of the appellant's appointment as Resolution Professional under the insolvency code was treated as precautionary and facilitative, not as a final adjudication of rights. Because the Committee of Creditors had yet to independently examine the effect of earlier orders on its approval, the appellant's entitlement had not attained finality. No interference was warranted at that stage, and the matter was left to reconsideration on its own merits.
An interlocutory direction requiring the Committee of Creditors to reconsider approval of the appellant's appointment as Resolution Professional under the insolvency code was treated as precautionary and facilitative, not as a final adjudication of rights. Because the Committee of Creditors had yet to independently examine the effect of earlier orders on its approval, the appellant's entitlement had not attained finality. No interference was warranted at that stage, and the matter was left to reconsideration on its own merits.
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