Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
Insolvency and BankruptcyJanuary 18, 2023Case LawsHC
CIRP - Recovery of outstanding Electricity dues - Since no such nexus has been proved by the licensee in the present case, mere subsistence of the licensee’s right to claim outstanding dues from the erring consumer cannot justify shifting of such burden on the auction-purchaser and, for all practical purposes, there is no statutory provision to claim the amount from the writ petitioner. - The impugned claim of the DVC is not tenable in the eye of law - HC
CIRP - Recovery of outstanding Electricity dues - Since no such nexus has been proved by the licensee in the present case, mere subsistence of the licensee’s right to claim outstanding dues from the erring consumer cannot justify shifting of such burden on the auction-purchaser and, for all practical purposes, there is no statutory provision to claim the amount from the writ petitioner. - The impugned claim of the DVC is not tenable in the eye of law - HC
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