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 provisionally attached assets of the corporate debtor could be included in the information memorandum and dealt with in the resolution plan despite a PMLA provisional attachment and an earlier High Court restraint, since no record showed divestment of ownership or post-CIRP restraining order. On approval of the resolution plan, Section 32A applies, entitling the new management to statutory immunity where its conditions are satisfied; consequently the prior provisional attachment ceases to operate and there is no legal requirement for the standing recovery agency to seek separate release from the adjudicating authority under PMLA. Appeal disposed.
NCLAT held that provisionally attached assets of the corporate debtor could be included in the information memorandum and dealt with in the resolution plan despite a PMLA provisional attachment and an earlier High Court restraint, since no record showed divestment of ownership or post-CIRP restraining order. On approval of the resolution plan, Section 32A applies, entitling the new management to statutory immunity where its conditions are satisfied; consequently the prior provisional attachment ceases to operate and there is no legal requirement for the standing recovery agency to seek separate release from the adjudicating authority under PMLA. Appeal disposed.
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