Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
At the Section 7 admission stage, financial debt must be assessed by including interest payable under the underlying financial arrangement where the surrounding evidence supports that liability. Inter corporate deposit transactions, demand letters specifying principal and interest, the corporate debtor's request for time to repay the entire amount, prior repayment conduct, and TDS deductions may cumulatively establish acknowledgment of the interest component. A written agreement is not indispensable if subsequent conduct corroborates the arrangement. Excluding interest and considering only principal can therefore understate the debt for applying the statutory threshold, resulting in restoration of the Section 7 application subject to the permitted payment timeline.
At the Section 7 admission stage, financial debt must be assessed by including interest payable under the underlying financial arrangement where the surrounding evidence supports that liability. Inter corporate deposit transactions, demand letters specifying principal and interest, the corporate debtor's request for time to repay the entire amount, prior repayment conduct, and TDS deductions may cumulatively establish acknowledgment of the interest component. A written agreement is not indispensable if subsequent conduct corroborates the arrangement. Excluding interest and considering only principal can therefore understate the debt for applying the statutory threshold, resulting in restoration of the Section 7 application subject to the permitted payment timeline.
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