Cross-border secondment reimbursements require separate employment and knowledge-transfer analysis before taxation as included services under the Indi...
Customs procedure uniformity requires adoption of model clearance practices, subject to specific local requirements and infrastructure or geographical...
A genuine pre-existing dispute requires rejection of an operational creditor's application under Section 9 of the Insolvency and Bankruptcy Code where it raises a plausible contention requiring further investigation; the defence need not be shown likely to succeed. Contemporaneous correspondence concerning unresolved credit-note adjustments, detention and demurrage claims, and account reconciliation can establish such a dispute. Failure to reply to a demand notice within ten days does not prevent the corporate debtor from producing evidence of a pre-existing dispute. A without-prejudice holding response denying the debt may also constitute notice of dispute, even without specific details.
A genuine pre-existing dispute requires rejection of an operational creditor's application under Section 9 of the Insolvency and Bankruptcy Code where it raises a plausible contention requiring further investigation; the defence need not be shown likely to succeed. Contemporaneous correspondence concerning unresolved credit-note adjustments, detention and demurrage claims, and account reconciliation can establish such a dispute. Failure to reply to a demand notice within ten days does not prevent the corporate debtor from producing evidence of a pre-existing dispute. A without-prejudice holding response denying the debt may also constitute notice of dispute, even without specific details.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
Get Daily Updates 
