Human-probability test defeats political donation deductions where banking records mask accommodation-entry fund layering rather than genuine contribu...
Electronic evidence and search statements in tax assessments require authenticity review and corroboration, while procedural manuals lack statutory fo...
Tariff rate quota authorisations govern preferential imports of specified New Zealand goods through export certification and electronic customs debiti...
Electronic Continuity Bond Registration replaces manual container permissions, with quarterly reporting and re-export monitoring for duty-free contain...
The Appellate Tribunal held that the Financial Creditor is permitted to amend the date of default pleaded in the rejoinder affidavit, as the date of default is relevant for computing the limitation period for filing an application u/s 95. It is well-settled that a Financial Creditor can supplement the application by filing additional documents. In this case, the issue of invoking the Personal Guarantor's guarantee was specifically raised. The Adjudicating Authority granted time to the Personal Guarantor to file a reply opposing the new date of default inserted by the Petitioner. The Personal Guarantor has ample opportunity to satisfy the court that the amended date is not the correct date and raise contentions regarding limitation. Parties are entitled to bring additional materials on record, which can be accepted by the Adjudicating Authority. The rights of the Personal Guarantor are fully protected, and there are no grounds to entertain the appeal, which is dismissed.
The Appellate Tribunal held that the Financial Creditor is permitted to amend the date of default pleaded in the rejoinder affidavit, as the date of default is relevant for computing the limitation period for filing an application u/s 95. It is well-settled that a Financial Creditor can supplement the application by filing additional documents. In this case, the issue of invoking the Personal Guarantor's guarantee was specifically raised. The Adjudicating Authority granted time to the Personal Guarantor to file a reply opposing the new date of default inserted by the Petitioner. The Personal Guarantor has ample opportunity to satisfy the court that the amended date is not the correct date and raise contentions regarding limitation. Parties are entitled to bring additional materials on record, which can be accepted by the Adjudicating Authority. The rights of the Personal Guarantor are fully protected, and there are no grounds to entertain the appeal, which is dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4921 
