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...
RP rightly rejected belated claim filed by Appellant much beyond extended 90-day period from public announcement as per IBC and CIRP Regulations. RP lacks adjudicatory powers over contingent claims arising from damages and breach of contract. Surprise claims inadmissible to ensure potential resolution applicants aware of liabilities from information memorandum. NCLAT upheld NCLT order dismissing Appellant's plea for claim admission, finding no irregularity by RP in adhering to statutory timelines for timely resolution process.
RP rightly rejected belated claim filed by Appellant much beyond extended 90-day period from public announcement as per IBC and CIRP Regulations. RP lacks adjudicatory powers over contingent claims arising from damages and breach of contract. Surprise claims inadmissible to ensure potential resolution applicants aware of liabilities from information memorandum. NCLAT upheld NCLT order dismissing Appellant's plea for claim admission, finding no irregularity by RP in adhering to statutory timelines for timely resolution process.
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