Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
NCLAT dismissed the appeal challenging the rejection of belated additional claims filed by the Appellant-EPFO after the resolution plan's approval. The Tribunal held that claims filed 521 days post the prescribed deadline cannot be entertained, as accepting such claims would compromise the insolvency resolution process and violate the 'clean slate' principle established by Supreme Court precedents. The resolution plan, once approved by the Committee of Creditors, becomes binding on all stakeholders, and no subsequent claims can be thrust upon the resolution applicant, thereby upholding the Resolution Professional's decision to reject the delayed claims.
NCLAT dismissed the appeal challenging the rejection of belated additional claims filed by the Appellant-EPFO after the resolution plan's approval. The Tribunal held that claims filed 521 days post the prescribed deadline cannot be entertained, as accepting such claims would compromise the insolvency resolution process and violate the 'clean slate' principle established by Supreme Court precedents. The resolution plan, once approved by the Committee of Creditors, becomes binding on all stakeholders, and no subsequent claims can be thrust upon the resolution applicant, thereby upholding the Resolution Professional's decision to reject the delayed claims.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
