Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Rejection of prayer of Operational Creditor to initiate the CIRP against the Corporate Debtor - The Appellate tribunal (NCLAT) found no breach of the contract terms by the respondent as the initial agreed terms were for the appellant to pick up the goods from the respondent's location. It was determined that the appellant attempted to shift the terms in the appellate documents, which were not presented at the Adjudicating Authority. The tribunal concluded that there was a pre-existing dispute regarding the delivery and payment terms, substantiated by the evidence of email exchanges and the non-collection of goods. - The tribunal upheld the decision of the Adjudicating Authority
Rejection of prayer of Operational Creditor to initiate the CIRP against the Corporate Debtor - The Appellate tribunal (NCLAT) found no breach of the contract terms by the respondent as the initial agreed terms were for the appellant to pick up the goods from the respondent's location. It was determined that the appellant attempted to shift the terms in the appellate documents, which were not presented at the Adjudicating Authority. The tribunal concluded that there was a pre-existing dispute regarding the delivery and payment terms, substantiated by the evidence of email exchanges and the non-collection of goods. - The tribunal upheld the decision of the Adjudicating Authority
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
