PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
NCLAT dismissed the appeal and affirmed the Adjudicating Authority's rejection of the Section 9 petition. The Tribunal held that the Corporate Debtor had raised a pre-existing dispute (account reconciliation, quality and discount issues) prior to issuance of the Section 8 demand notice and within the statutory period for notifying disputes, such that the dispute was neither spurious nor illusory. The panel found the record of prior communications and post-reconciliation payments insufficient to negate the existence of a bona fide dispute. Applying established law on pre-existing disputes, NCLAT concluded there was no infirmity in the impugned order and therefore dismissed the appeal.
NCLAT dismissed the appeal and affirmed the Adjudicating Authority's rejection of the Section 9 petition. The Tribunal held that the Corporate Debtor had raised a pre-existing dispute (account reconciliation, quality and discount issues) prior to issuance of the Section 8 demand notice and within the statutory period for notifying disputes, such that the dispute was neither spurious nor illusory. The panel found the record of prior communications and post-reconciliation payments insufficient to negate the existence of a bona fide dispute. Applying established law on pre-existing disputes, NCLAT concluded there was no infirmity in the impugned order and therefore dismissed the appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
