Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Insolvency and BankruptcyAugust 31, 2020Case LawsAT
Whether an advance amount for supply of goods can be considered as an Operational Debt under Section 5(20) of the I&B Code? - the advance amount paid by the Respondent No. 1 to Respondent No. 2 for supply of Sugar is not an Operational Debt, even if Respondent No. 2 failed to supply the Sugar to Respondent No. 1. - AT
Whether an advance amount for supply of goods can be considered as an Operational Debt under Section 5(20) of the I&B Code? - the advance amount paid by the Respondent No. 1 to Respondent No. 2 for supply of Sugar is not an Operational Debt, even if Respondent No. 2 failed to supply the Sugar to Respondent No. 1. - AT
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