Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
Toy balloon tariff classification: functional heading prevails over residual rubber and festive article headings, supporting penalties for deliberate ...
Customs valuation using comparable contemporaneous imports can displace declared value, while missing speaking orders require pursuit before competent...
Corporate insolvency admission requires the outstanding default on the date of admission to meet the statutory minimum threshold. Part-payments made before admission reduce the debt in default for this purpose, and financial creditors must disclose those payments to the Adjudicating Authority. Where the remaining default falls below the threshold, admission of the insolvency application cannot be sustained. The admission was set aside because pre-admission repayments reduced the outstanding default below the applicable minimum, and CIRP costs were directed to be borne by the appellant.
Corporate insolvency admission requires the outstanding default on the date of admission to meet the statutory minimum threshold. Part-payments made before admission reduce the debt in default for this purpose, and financial creditors must disclose those payments to the Adjudicating Authority. Where the remaining default falls below the threshold, admission of the insolvency application cannot be sustained. The admission was set aside because pre-admission repayments reduced the outstanding default below the applicable minimum, and CIRP costs were directed to be borne by the appellant.
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