Credit-note turnover adjustments preserve inverted-duty refunds, while ministerial re-computation does not constitute an impermissible appellate reman...
Revisional jurisdiction over export quota premium deductions requires both error and Revenue prejudice; a permissible assessment view cannot be displa...
NCLAT analyzed a Section 9 IBC application, determining two critical issues: contract continuity and existence of pre-existing dispute. The Tribunal found that parties' conduct implied contract subsistence beyond the delivery order's one-year validity. Critically, the Corporate Debtor had submitted a dispute notice to the Operational Creditor and recorded a dispute in the Information Utility, satisfying Section 9(5)(ii)(d) rejection conditions. The Appellate Tribunal held that the Adjudicating Authority erroneously admitted the application without addressing the statutory dispute provisions. Consequently, the NCLAT allowed the appeal, effectively rejecting the insolvency application due to the presence of a bonafide dispute and the Corporate Debtor's willingness to fulfill contractual obligations.
NCLAT analyzed a Section 9 IBC application, determining two critical issues: contract continuity and existence of pre-existing dispute. The Tribunal found that parties' conduct implied contract subsistence beyond the delivery order's one-year validity. Critically, the Corporate Debtor had submitted a dispute notice to the Operational Creditor and recorded a dispute in the Information Utility, satisfying Section 9(5)(ii)(d) rejection conditions. The Appellate Tribunal held that the Adjudicating Authority erroneously admitted the application without addressing the statutory dispute provisions. Consequently, the NCLAT allowed the appeal, effectively rejecting the insolvency application due to the presence of a bonafide dispute and the Corporate Debtor's willingness to fulfill contractual obligations.
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TaxTMI 
TaxTMI 
