Compulsorily convertible debentures remain debt before conversion, preventing transfer-pricing and interest-deduction disallowances on the stated fact...
Stock-in-trade transfer taxability follows possession and consideration, not later conveyance registration, limiting deemed-value provisions to the ac...
Alternative statutory remedy under GST bars writ challenge where classification, notice variance, and hearing disputes require factual appellate revie...
Pre-existing dispute between parties regarding inflated invoices issued by appellant's staff/employees for different project under same Master Service Agreement. Corporate debtor entitled to rights/liabilities under Principal Agreement, so dispute over invoices covered. Appellant commenced investigation, filed police complaint after learning of inflated invoices. Correspondence shows corporate debtor disputed entitlement/payment before demand notice, indicating pre-existing dispute. Adjudicating authority rightly rejected Section 9 application due to pre-existing dispute evident from prior correspondence. No error by adjudicating authority in rejecting application. Appeal dismissed by appellate tribunal as lacking merit.
Pre-existing dispute between parties regarding inflated invoices issued by appellant's staff/employees for different project under same Master Service Agreement. Corporate debtor entitled to rights/liabilities under Principal Agreement, so dispute over invoices covered. Appellant commenced investigation, filed police complaint after learning of inflated invoices. Correspondence shows corporate debtor disputed entitlement/payment before demand notice, indicating pre-existing dispute. Adjudicating authority rightly rejected Section 9 application due to pre-existing dispute evident from prior correspondence. No error by adjudicating authority in rejecting application. Appeal dismissed by appellate tribunal as lacking merit.
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