Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
Condonation of delay permits statutory appeal restoration where inadequate service explanation prevented consideration of reassessment and taxable-inc...
Insolvency and BankruptcyApril 15, 2023Case LawsAT
Admission of Section 7 application - Financial Debt - once the Debt and Default are proved, to its satisfaction - A moonshine or an illusory defence, cannot be put forward by a party, and the same can be brushed assigned by an Adjudicating Authority/ Tribunal in a given case, and even the term claim,(as per Section 3(6) of the code) points out a right to payment, despite the fact the same is controverted/disputed. - AT
Admission of Section 7 application - Financial Debt - once the Debt and Default are proved, to its satisfaction - A moonshine or an illusory defence, cannot be put forward by a party, and the same can be brushed assigned by an Adjudicating Authority/ Tribunal in a given case, and even the term claim,(as per Section 3(6) of the code) points out a right to payment, despite the fact the same is controverted/disputed. - AT
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