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...
NCLAT held that the Section 7 application by home-buyers against the Corporate Debtor was maintainable and not barred by limitation. The Tribunal found sufficient evidence of debt and default, with funds received from home-buyers exceeding Rs. 1 Cr. The allegations of collusive litigation were rejected, emphasizing that inter-shareholder disputes cannot prejudice home-buyers' rights. The Tribunal dismissed all three appeals, upholding the Adjudicating Authority's order admitting the Section 7 application, recognizing home-buyers as legitimate financial creditors who have been awaiting project completion for over a decade.
NCLAT held that the Section 7 application by home-buyers against the Corporate Debtor was maintainable and not barred by limitation. The Tribunal found sufficient evidence of debt and default, with funds received from home-buyers exceeding Rs. 1 Cr. The allegations of collusive litigation were rejected, emphasizing that inter-shareholder disputes cannot prejudice home-buyers' rights. The Tribunal dismissed all three appeals, upholding the Adjudicating Authority's order admitting the Section 7 application, recognizing home-buyers as legitimate financial creditors who have been awaiting project completion for over a decade.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
