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 Appellant was legally obligated to pay license fees as per License and Lease Agreement (LLA), rejecting contentions of mutual expense adjustment. The Adjudicating Authority possessed jurisdiction to decide inter-se disputes, and the Resolution Professional could validly terminate the LLA during moratorium period. The Appellant's arguments regarding expense offset and procedural limitations were deemed legally untenable. The Appellate Tribunal affirmed the lower court's order, emphasizing the Resolution Professional's statutory rights to protect corporate debtor's interests, and consequently dismissed the appeal as lacking substantive merit.
NCLAT held that the Appellant was legally obligated to pay license fees as per License and Lease Agreement (LLA), rejecting contentions of mutual expense adjustment. The Adjudicating Authority possessed jurisdiction to decide inter-se disputes, and the Resolution Professional could validly terminate the LLA during moratorium period. The Appellant's arguments regarding expense offset and procedural limitations were deemed legally untenable. The Appellate Tribunal affirmed the lower court's order, emphasizing the Resolution Professional's statutory rights to protect corporate debtor's interests, and consequently dismissed the appeal as lacking substantive merit.
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