Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
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Insolvency and BankruptcyFebruary 10, 2023Case LawsAT
Initiation of CIRP - NCLT dismissed the application on the ground that petitioner failed to prove the debt and the liability to pay the same by the corporate debtor - To reiterate, an Agreement has been entered into only for Season-2 and in the absence of any such Agreement for the other seasons, the Appellant/Operational Creditor has failed to discharge its burden that there was indeed an Operational Debt which was due and payable. - AT
Initiation of CIRP - NCLT dismissed the application on the ground that petitioner failed to prove the debt and the liability to pay the same by the corporate debtor - To reiterate, an Agreement has been entered into only for Season-2 and in the absence of any such Agreement for the other seasons, the Appellant/Operational Creditor has failed to discharge its burden that there was indeed an Operational Debt which was due and payable. - AT
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