Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Insolvency and BankruptcyMarch 9, 2021Case LawsTri
Revision of claim towards salary after the approval of resolution plan - The Applicant had very conveniently decided to sleep over his right from the order dated 14.12.2020. It is only at this ripe stage when the CoC has already approved the Resolution Plan that the Applicant suddenly decided to make his claim again. Hence there is no error in not considering the claim of applicant submitted after the time allowed, that too after the CoC meeting. - Tri
Revision of claim towards salary after the approval of resolution plan - The Applicant had very conveniently decided to sleep over his right from the order dated 14.12.2020. It is only at this ripe stage when the CoC has already approved the Resolution Plan that the Applicant suddenly decided to make his claim again. Hence there is no error in not considering the claim of applicant submitted after the time allowed, that too after the CoC meeting. - Tri
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TaxTMI 
TaxTMI 
of 4915 
