Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
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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