Writ relief against show cause notices is available where jurisdiction is absent and concluded advance rulings cannot be reopened without fresh fraud ...
Section 80P business attribution: ITAT allows deduction on investment interest and ancillary receipts, but excludes staff-loan and other non-eligible ...
TReDS reverse-factoring receivables remain operational debt where a bank pays suppliers against discounted invoices and receives assigned pre-existing trade receivables; no funds are disbursed to the corporate debtor against time value of money. Invoice discounts and delayed-payment charges compensate early realisation rather than create an independent loan, and assignment does not change the debt's operational character. A creditor directed to file its claim as operational debt cannot rely on an incorrect-category filing after declining timely submission in the prescribed form. An approved and implemented resolution plan is binding and cannot ordinarily be reopened beyond limited statutory appeal grounds, preventing relief that would disturb completed resolution.
TReDS reverse-factoring receivables remain operational debt where a bank pays suppliers against discounted invoices and receives assigned pre-existing trade receivables; no funds are disbursed to the corporate debtor against time value of money. Invoice discounts and delayed-payment charges compensate early realisation rather than create an independent loan, and assignment does not change the debt's operational character. A creditor directed to file its claim as operational debt cannot rely on an incorrect-category filing after declining timely submission in the prescribed form. An approved and implemented resolution plan is binding and cannot ordinarily be reopened beyond limited statutory appeal grounds, preventing relief that would disturb completed resolution.
Note: It is a system-generated summary and is for quick reference only.
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