1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Highlights
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
The article examines an appellate finding that payments characterised as managerial remuneration were not fraudulent trading where there is no cogent evidence of intent to defraud and where payments were made in the ordinary course for legitimate services; such payments were therefore not set aside. A distinct post-commencement cheque withdrawal cleared after insolvency commencement was held to reflect awareness of impending insolvency and must be restored to the corporate debtor. Routing receipts through a sister concern or non-payment of statutory dues, without specific pleading or proof of dishonest design, do not alone establish fraudulent or preferential transactions.
TaxTMI 
TaxTMI 
