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...
Operational Creditor failed to prove debt and default beyond threshold limit against Corporate Debtor. Adjudicating Authority rightly rejected Section 9 application as alleged debt fell within Section 10A prohibited period during COVID-19 pandemic. Mere issuance of invoice did not constitute default date without evidence of delivery to Corporate Debtor. Application filed with malicious intent to settle family dispute, not for insolvency resolution. Appellate Tribunal affirmed rejection of application and imposition of penalty.
Operational Creditor failed to prove debt and default beyond threshold limit against Corporate Debtor. Adjudicating Authority rightly rejected Section 9 application as alleged debt fell within Section 10A prohibited period during COVID-19 pandemic. Mere issuance of invoice did not constitute default date without evidence of delivery to Corporate Debtor. Application filed with malicious intent to settle family dispute, not for insolvency resolution. Appellate Tribunal affirmed rejection of application and imposition of penalty.
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