Blocked input tax credit for resort construction remains unavailable; interest follows actual utilisation, while delayed payment attracts statutory pe...
Duplicate PAN allocation requires record verification and deactivation reasons before assessment-related transactions can be attributed to an assessee...
Faceless assessment safeguards require requested personal hearings and adequate final show-cause response time, failing which reassessment is required...
Prior Committee of Creditors approval of eligibility criteria is required before publication of Form G; Regulation 36A's publication timeline does not displace that requirement. On expiry of the CIRP without receipt of a resolution plan, section 33(1)(a) mandates liquidation, and a pending application alleging fraudulent or malicious initiation does not automatically halt that consequence. Going-concern status requires ongoing business operations, personnel and revenue generation, rather than residual assets alone. A suspended board has no unconditional right to impleadment in liquidation proceedings governed by objective statutory conditions. Further resolution efforts remain within the CoC's commercial judgment, which appellate review cannot replace.
Prior Committee of Creditors approval of eligibility criteria is required before publication of Form G; Regulation 36A's publication timeline does not displace that requirement. On expiry of the CIRP without receipt of a resolution plan, section 33(1)(a) mandates liquidation, and a pending application alleging fraudulent or malicious initiation does not automatically halt that consequence. Going-concern status requires ongoing business operations, personnel and revenue generation, rather than residual assets alone. A suspended board has no unconditional right to impleadment in liquidation proceedings governed by objective statutory conditions. Further resolution efforts remain within the CoC's commercial judgment, which appellate review cannot replace.
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TaxTMI 
TaxTMI 
of 4927 
