Preferential tariff claims under trade agreements require agreement-consistent origin checks, with safeguards against automatic denial for subsequent ...
Suppressed outward supplies require transaction-wise verification and reasoned findings before diary entries can support tax and penalty determination...
Section 240A exempts MSME promoters only from the disqualifications under Section 29A(c) and (h); absent a notified exemption, they must satisfy separate eligibility criteria under Section 25(2)(h). Net-worth criteria must reflect the scale and complexity of the corporate debtor's business, and their relaxation is a matter for the committee of creditors. The resolution professional must verify eligibility before admitting applicants, without requiring the committee to assess every expression of interest on its merits. Recomputing a creditor's claim does not retrospectively invalidate a lawful rejection where the criterion was based on business size and value. Allegations of bias or mala fides require a clear factual foundation.
Section 240A exempts MSME promoters only from the disqualifications under Section 29A(c) and (h); absent a notified exemption, they must satisfy separate eligibility criteria under Section 25(2)(h). Net-worth criteria must reflect the scale and complexity of the corporate debtor's business, and their relaxation is a matter for the committee of creditors. The resolution professional must verify eligibility before admitting applicants, without requiring the committee to assess every expression of interest on its merits. Recomputing a creditor's claim does not retrospectively invalidate a lawful rejection where the criterion was based on business size and value. Allegations of bias or mala fides require a clear factual foundation.
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TaxTMI 
TaxTMI 
