Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Admission of belated claims that are reflected in the corporate debtor's books and information memorandum requires that those claim details be furnished to the Resolution Applicant so an addendum to the resolution plan can be prepared and placed before the Committee of Creditors; the Tribunal applied the reasoning in Puneet Kaur and distinguished Pooja Mehra, rejecting that mere adjustment of unclaimed units satisfied the claim where payment was not applied to the unit. Outcome: RP to submit recorded claimant details to the RA, RA to prepare an addendum for CoC consideration, and the Adjudicating Authority to consider the addendum and CoC minutes at plan approval.
Admission of belated claims that are reflected in the corporate debtor's books and information memorandum requires that those claim details be furnished to the Resolution Applicant so an addendum to the resolution plan can be prepared and placed before the Committee of Creditors; the Tribunal applied the reasoning in Puneet Kaur and distinguished Pooja Mehra, rejecting that mere adjustment of unclaimed units satisfied the claim where payment was not applied to the unit. Outcome: RP to submit recorded claimant details to the RA, RA to prepare an addendum for CoC consideration, and the Adjudicating Authority to consider the addendum and CoC minutes at plan approval.
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TaxTMI 
TaxTMI 
