Blocked input tax credit for resort construction remains unavailable; interest follows actual utilisation, while delayed payment attracts statutory pe...
Duplicate PAN allocation requires record verification and deactivation reasons before assessment-related transactions can be attributed to an assessee...
Faceless assessment safeguards require requested personal hearings and adequate final show-cause response time, failing which reassessment is required...
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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