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Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
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Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
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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