Anti-profiteering obligations survive business demerger, complaint withdrawal, and customized supply arrangements where rate-reduction benefits are no...
Road restoration charges constitute taxable services when requested for commercial pipeline activity, requiring reverse-charge GST from the business r...
Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
NCLAT set aside the impugned NCLT order dismissing the Section 7 IBC, 2016 petition and remanded the matter for fresh adjudication. The Tribunal found the NCLT failed to interpret clause 9 of the 09.05.2019 agreement and the 07.01.2020 Assignment Deed, and did not assess whether the Respondent admitted liability via agreement, acknowledgment or correspondence. The NCLT is directed to restore the petition to its original number and decide afresh after examining the Agreement, Assignment Deed, acknowledgment and communications on record. The Respondent is at liberty to advance all defenses before the NCLT. Appeal disposed.
NCLAT set aside the impugned NCLT order dismissing the Section 7 IBC, 2016 petition and remanded the matter for fresh adjudication. The Tribunal found the NCLT failed to interpret clause 9 of the 09.05.2019 agreement and the 07.01.2020 Assignment Deed, and did not assess whether the Respondent admitted liability via agreement, acknowledgment or correspondence. The NCLT is directed to restore the petition to its original number and decide afresh after examining the Agreement, Assignment Deed, acknowledgment and communications on record. The Respondent is at liberty to advance all defenses before the NCLT. Appeal disposed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
