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...
Clarifications to a resolution plan that only address timing and operational aspects-such as confirmation that earmarked margin money will be returned to creditors and assurance of temporary replacement margin to banks-do not constitute enhancement or modification of the plan; similarly, explaining that a stated figure is the discounted present value of deferred payments does not alter the commercial offer. The resolution professional who acted on explicit Committee of Creditors instructions did not commit material irregularity. Concurrent factual findings that no modification or material irregularity occurred bar judicial substitution of the CoC's commercial wisdom, and the appeals were dismissed accordingly.
Clarifications to a resolution plan that only address timing and operational aspects-such as confirmation that earmarked margin money will be returned to creditors and assurance of temporary replacement margin to banks-do not constitute enhancement or modification of the plan; similarly, explaining that a stated figure is the discounted present value of deferred payments does not alter the commercial offer. The resolution professional who acted on explicit Committee of Creditors instructions did not commit material irregularity. Concurrent factual findings that no modification or material irregularity occurred bar judicial substitution of the CoC's commercial wisdom, and the appeals were dismissed accordingly.
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