Tax determination against deceased proprietor invalid where no notice to legal representative; appeal rejected without addressing jurisdictional defec...
Revocation of GST registration and permission to file blocked returns; conditional defreezing of bank accounts after security and instalment applicati...
Right to access seized electronic evidence: impugned adjudication treated as additional show cause notice, remand for fresh hearing and return of mate...
Revisability of return invalidation communications under tax procedure affirmed, impugned non revisional finding quashed and matter remitted for fresh...
The central issue was whether initiation of CIRP under Section 7 failed because the alleged debt arose from an oral agreement. The tribunal held that documentary evidence - balance-sheet entries, interest accruals as per the cited agreement, TDS Form-16A and the respondent's own admissions recorded in the impugned order - establish existence of debt and default; therefore the oral-agreement contention is unsustainable. Consequence: the admission of the Section 7 application and initiation of CIRP is upheld and the appeal is dismissed. - NCLAT
The central issue was whether initiation of CIRP under Section 7 failed because the alleged debt arose from an oral agreement. The tribunal held that documentary evidence - balance-sheet entries, interest accruals as per the cited agreement, TDS Form-16A and the respondent's own admissions recorded in the impugned order - establish existence of debt and default; therefore the oral-agreement contention is unsustainable. Consequence: the admission of the Section 7 application and initiation of CIRP is upheld and the appeal is dismissed. - NCLAT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
