Limited scope of processing under section 143(1): enhancement without show cause is unsustainable; remand for residency, taxation and TDS verification...
Extended period of limitation unsustainable; allowable deductions for prompt payment discounts, pro rata recovery, freight and VAT led to demand being...
In insolvency claim verification, a resolution professional may call for further evidence or clarification to substantiate disputed components, and doing so remains within the verification function rather than an adjudicatory exercise. Unsupported farmer's compensation and related interest claims tied to leased land were not admitted where the claimant failed to explain the outstanding basis, the attributable land area, or payment particulars. Time extension charges were confined to the insolvency commencement date, and the resolution professional's proportionate recalculation after excluding sub-leased land and correcting a mathematical error was sustained; the appeal was dismissed.
In insolvency claim verification, a resolution professional may call for further evidence or clarification to substantiate disputed components, and doing so remains within the verification function rather than an adjudicatory exercise. Unsupported farmer's compensation and related interest claims tied to leased land were not admitted where the claimant failed to explain the outstanding basis, the attributable land area, or payment particulars. Time extension charges were confined to the insolvency commencement date, and the resolution professional's proportionate recalculation after excluding sub-leased land and correcting a mathematical error was sustained; the appeal was dismissed.
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