Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
The High Court allowed the application seeking dissolution of a company (in liquidation) u/s 481 of the Companies Act, 1956. As the company had insufficient funds and no further assets to realize money for creditors other than Secured Creditors, the Official Liquidator sought permission to pay Secured Creditors and transfer any available balance to the Common Pool Fund after deducting Liquidation Expenses. With no assets left for realization, the court approved the dissolution u/s 481, ending the liquidation proceedings for M/s. Sarvodya Paper Mills Ltd. The Official Liquidator is discharged. Application for dissolution granted.
The High Court allowed the application seeking dissolution of a company (in liquidation) u/s 481 of the Companies Act, 1956. As the company had insufficient funds and no further assets to realize money for creditors other than Secured Creditors, the Official Liquidator sought permission to pay Secured Creditors and transfer any available balance to the Common Pool Fund after deducting Liquidation Expenses. With no assets left for realization, the court approved the dissolution u/s 481, ending the liquidation proceedings for M/s. Sarvodya Paper Mills Ltd. The Official Liquidator is discharged. Application for dissolution granted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
