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 permitted correction of the nomenclature of the pending application from "Review" to "Recall," noting that the body already treated it as a recall application, and found no necessity to restrain NCLT from proceeding with the creditor's Section 7 IBC application. On the substantive prayer to recall and set aside NCLAT's earlier order (and thereby restore NCLT's dismissal of the Section 7 application), NCLAT held that the applicant was impermissibly seeking a re-appreciation of its judgment in the guise of recall, particularly after having approached the SC and not pressing the appeal. The recall application was dismissed.
NCLAT permitted correction of the nomenclature of the pending application from "Review" to "Recall," noting that the body already treated it as a recall application, and found no necessity to restrain NCLT from proceeding with the creditor's Section 7 IBC application. On the substantive prayer to recall and set aside NCLAT's earlier order (and thereby restore NCLT's dismissal of the Section 7 application), NCLAT held that the applicant was impermissibly seeking a re-appreciation of its judgment in the guise of recall, particularly after having approached the SC and not pressing the appeal. The recall application was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
