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    Recording reasons in writing is mandatory before blocking input tax credit under Rule 86-A; later explanations cannot cure the defect.
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Insolvency and Bankruptcy

Suspension of registration of the Resolution Professional (RP) -...

Resolution Professional's Registration Suspended; High Court Admits Writ Petition on Territorial Jurisdiction in Maharashtra Case.

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Insolvency and Bankruptcy October 4, 2022 Case Laws HC
Suspension of registration of the Resolution Professional (RP) - territorial jurisdiction to entertain the Writ Petition - Pursuant to the order of suspension, the Petitioner would not be in a position to work as a Resolution Professional with the assignments on hand in the State of Maharashtra - it cannot be said that only a small part of cause of action as arisen within the territorial jurisdiction of this court, the part of cause of action has arisen within the territorial jurisdiction of this court. - WP admitted - HC

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Acts Income Tax