Appellate enhancement limits protect against new income sources, while documented credits and prior-year investments resist unexplained-income additio...
Capital-gains exemption for charitable trusts extends to qualifying fixed deposits, while unrecoverable TDS write-offs may constitute income applicati...
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Admission of Section 7 application - Assignment Agreement - Proper stamping of the agreement - Existence of Debt and Default - Corporate Guarantee - The Appellate Tribunal (NCLAT) dismissed the challenges against the validity of the debt assignment and confirmed the procedural correctness of the creditor's actions under the insolvency code. The repeated failures of the corporate debtor to fulfill settlement promises reinforced the decision to proceed with CIRP, highlighting the debtor's inability to manage its financial obligations effectively.
Admission of Section 7 application - Assignment Agreement - Proper stamping of the agreement - Existence of Debt and Default - Corporate Guarantee - The Appellate Tribunal (NCLAT) dismissed the challenges against the validity of the debt assignment and confirmed the procedural correctness of the creditor's actions under the insolvency code. The repeated failures of the corporate debtor to fulfill settlement promises reinforced the decision to proceed with CIRP, highlighting the debtor's inability to manage its financial obligations effectively.
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TaxTMI 
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