Restriction of Input Tax Credit under Rule 86A applies only to fraudulently or ineligible availed credit; mere wrongful recipient availment is insuffi...
Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Admission under the Insolvency and Bankruptcy Code (section reference omitted) was contested on date-of-default and limitation grounds but the dispute turned on an executed MOU, acknowledged receipt of funds, continuous failure to perform, and an arbitral award rendered as an executable decree. The award's finality and enforceability was treated as operative for limitation (a subsequent suo motu writ order was invoked in support). Non appearance and ex parte proceedings before the arbitral forum and tribunal informed findings on the corporate debtor's conduct and intention, and the appellate challenge was dismissed as lacking merit.
Admission under the Insolvency and Bankruptcy Code (section reference omitted) was contested on date-of-default and limitation grounds but the dispute turned on an executed MOU, acknowledged receipt of funds, continuous failure to perform, and an arbitral award rendered as an executable decree. The award's finality and enforceability was treated as operative for limitation (a subsequent suo motu writ order was invoked in support). Non appearance and ex parte proceedings before the arbitral forum and tribunal informed findings on the corporate debtor's conduct and intention, and the appellate challenge was dismissed as lacking merit.
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