Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
A registered sub-lease deed creating a first charge can constitute a security interest under the Insolvency Code, so NOIDA was not to be treated as an ordinary operational creditor and the resolution plan's distribution had to be reconsidered to that extent. By contrast, the lender's assignee could claim no higher security than the assignor, and its security over a real estate project was confined to unsold inventory because allotments to homebuyers were protected under RERA; the plan payment to the dissenting secured creditor therefore did not breach Sections 30(2)(b) or 53. Objections on valuation and plan comparison fell within the CoC's commercial wisdom, and no material irregularity was shown.
A registered sub-lease deed creating a first charge can constitute a security interest under the Insolvency Code, so NOIDA was not to be treated as an ordinary operational creditor and the resolution plan's distribution had to be reconsidered to that extent. By contrast, the lender's assignee could claim no higher security than the assignor, and its security over a real estate project was confined to unsold inventory because allotments to homebuyers were protected under RERA; the plan payment to the dissenting secured creditor therefore did not breach Sections 30(2)(b) or 53. Objections on valuation and plan comparison fell within the CoC's commercial wisdom, and no material irregularity was shown.
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