Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
An arbitral award is a claim in corporate insolvency resolution, requiring the award-holder to submit it to the resolution professional. Once a resolution plan is approved, claims excluded from that plan are extinguished under the clean slate principle, and proceedings concerning them cannot continue. An unsubmitted award claim therefore renders a pending challenge to the award infructuous. A court deposit made as security for staying execution of an award does not amount to payment or transfer ownership to the award-holder. The deposit remains an asset of the corporate debtor, subject to the court's conditions, and may be refunded with accrued interest after the underlying claim is extinguished.
An arbitral award is a claim in corporate insolvency resolution, requiring the award-holder to submit it to the resolution professional. Once a resolution plan is approved, claims excluded from that plan are extinguished under the clean slate principle, and proceedings concerning them cannot continue. An unsubmitted award claim therefore renders a pending challenge to the award infructuous. A court deposit made as security for staying execution of an award does not amount to payment or transfer ownership to the award-holder. The deposit remains an asset of the corporate debtor, subject to the court's conditions, and may be refunded with accrued interest after the underlying claim is extinguished.
Note: It is a system-generated summary and is for quick reference only.
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