Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Provident fund, gratuity and pension dues were treated as statutory employee entitlements excluded from the liquidation estate, and the Tribunal rejected the argument that a segregated fund must exist on the liquidation commencement date for those dues to survive. It held that the provision is due-centric, not asset-centric, so the liquidator remains liable to pay such amounts outside distribution under the waterfall. The Tribunal also allowed exclusion of 1656 days of litigation time when computing twenty-four months' workmen dues, so prolonged CIRP delay would not defeat workmen's priority. A recovery certificate for salary dues was held to remain part of workmen's claims under the liquidation process.
Provident fund, gratuity and pension dues were treated as statutory employee entitlements excluded from the liquidation estate, and the Tribunal rejected the argument that a segregated fund must exist on the liquidation commencement date for those dues to survive. It held that the provision is due-centric, not asset-centric, so the liquidator remains liable to pay such amounts outside distribution under the waterfall. The Tribunal also allowed exclusion of 1656 days of litigation time when computing twenty-four months' workmen dues, so prolonged CIRP delay would not defeat workmen's priority. A recovery certificate for salary dues was held to remain part of workmen's claims under the liquidation process.
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