Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
NCLAT dismissed an appeal challenging admission of Section 9 IBC application, affirming the application was within limitation period. Last payment made on 17.02.2017 extended limitation to 17.02.2020, and filing on next working day was permissible under Limitation Act. Tribunal rejected appellant's claim of improper demand notice service and pre-existing dispute. CD's contention of cash payments was unsupported by evidence beyond self-serving ledger entries. The alleged dispute emerged only post-demand notice. Application's maintainability was upheld despite OC being unregistered partnership firm, as Section 69(2) of Partnership Act restrictions don't apply to IBC proceedings. CIRP to continue against CD.
NCLAT dismissed an appeal challenging admission of Section 9 IBC application, affirming the application was within limitation period. Last payment made on 17.02.2017 extended limitation to 17.02.2020, and filing on next working day was permissible under Limitation Act. Tribunal rejected appellant's claim of improper demand notice service and pre-existing dispute. CD's contention of cash payments was unsupported by evidence beyond self-serving ledger entries. The alleged dispute emerged only post-demand notice. Application's maintainability was upheld despite OC being unregistered partnership firm, as Section 69(2) of Partnership Act restrictions don't apply to IBC proceedings. CIRP to continue against CD.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
