Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Page of 4796
Press 'Enter' after typing page number.
621 to 640 of 95918 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Interim stay applications over admission of an electricity distribution licensee into CIRP turned on the asserted primacy of the Insolvency Code over the Electricity Act and the alleged invalidity of a corporate guarantee for want of regulatory approval. One Member held that existing Supreme Court authority foreclosed the Electricity Act objection and that a disputed approval issue did not by itself make the guarantee fraudulent, coercive, or void, so no stay was warranted. The other Member distinguished that authority, stressing the effect of CIRP on the licensed business and consumers and preferring the less injurious course. With this difference of opinion, the Bench made no final determination on interim relief and referred the matter.
Interim stay applications over admission of an electricity distribution licensee into CIRP turned on the asserted primacy of the Insolvency Code over the Electricity Act and the alleged invalidity of a corporate guarantee for want of regulatory approval. One Member held that existing Supreme Court authority foreclosed the Electricity Act objection and that a disputed approval issue did not by itself make the guarantee fraudulent, coercive, or void, so no stay was warranted. The other Member distinguished that authority, stressing the effect of CIRP on the licensed business and consumers and preferring the less injurious course. With this difference of opinion, the Bench made no final determination on interim relief and referred the matter.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4796
Join Channel
TaxTMI 
