Timing mismatch in income recognition requires verification whether receipts were already taxed in an earlier year; matter remitted for fresh examinat...
FOB transaction value and export incentives: customs valuation cannot override contractual export benefits or support confiscation without valid proof...
Insolvency and BankruptcySeptember 1, 2022Case LawsTri
Initiation of CIRP - Threshold limit for filing application - enhancement of minimum amount of default to one crore - filing of the petition was before that i.e. on 01.03.2020 - Since any notification issued by the Government are generally Prospective in nature unless specifically expressed, hence the notification is not applicable to the present case - the instant Application satisfies the pecuniary criteria under Section 9 of the Code, 2016. - Tri
Initiation of CIRP - Threshold limit for filing application - enhancement of minimum amount of default to one crore - filing of the petition was before that i.e. on 01.03.2020 - Since any notification issued by the Government are generally Prospective in nature unless specifically expressed, hence the notification is not applicable to the present case - the instant Application satisfies the pecuniary criteria under Section 9 of the Code, 2016. - Tri
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