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 Appellant (SIDBI) had established a clear case of continuous defaults by the Respondent (Sambandh Finserve Private Limited) in loan repayment post the suspension period u/s 10A of the IBC. The Respondent admitted the debt and default, and the consistent default date of 10.07.2021 in the fresh application substantiated the Appellant's claim. Each failure to pay an installment constituted a fresh default, justifying initiation of insolvency proceedings u/s 7 of the IBC. The Appeal was allowed, admitting the application for Corporate Insolvency Resolution Process against the Respondent.
The Appellant (SIDBI) had established a clear case of continuous defaults by the Respondent (Sambandh Finserve Private Limited) in loan repayment post the suspension period u/s 10A of the IBC. The Respondent admitted the debt and default, and the consistent default date of 10.07.2021 in the fresh application substantiated the Appellant's claim. Each failure to pay an installment constituted a fresh default, justifying initiation of insolvency proceedings u/s 7 of the IBC. The Appeal was allowed, admitting the application for Corporate Insolvency Resolution Process against the Respondent.
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