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...
Corporate guarantee not discharged by approval of resolution plan for principal borrower under IBC. Supreme Court judgments in Lalit Kumar Jain, Maitreya Doshi, and Ajay Goenka affirm guarantor's liability survives resolution plan approval. NCLAT upholds admission of section 7 application against corporate guarantor despite resolution plan for principal borrower, finding no infirmity. Appeal against admission dismissed as guarantor's submission of guarantee termination rejected given substantial unpaid debt and inadequate upfront cash payment under resolution plan.
Corporate guarantee not discharged by approval of resolution plan for principal borrower under IBC. Supreme Court judgments in Lalit Kumar Jain, Maitreya Doshi, and Ajay Goenka affirm guarantor's liability survives resolution plan approval. NCLAT upholds admission of section 7 application against corporate guarantor despite resolution plan for principal borrower, finding no infirmity. Appeal against admission dismissed as guarantor's submission of guarantee termination rejected given substantial unpaid debt and inadequate upfront cash payment under resolution plan.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
