Allocation of enhanced FSI/TDR proceeds between cooperative society and individual flat-owners; tribunal deletes society LTCG addition, remits 80P ver...
Electronic Postal Bill of Export templates mandating specified data fields for postal export declarations; system-generated Let Export Order on public...
Tribunal upheld the Resolution Professional's conduct in not admitting the Income Tax Department's claim during CIRP, finding repeated requests for assessment orders and that the Department delayed filing for admission before the Adjudicating Authority; therefore no irregularity by the RP. Applying the statutory waterfall mechanism to admitted liquidation and plan figures, the Tribunal concluded the plan allocation to the Department exceeded what it would have received pro rata had its claim been admitted, so the Department was not prejudiced in recoverable quantum and the appeal was dismissed.
Tribunal upheld the Resolution Professional's conduct in not admitting the Income Tax Department's claim during CIRP, finding repeated requests for assessment orders and that the Department delayed filing for admission before the Adjudicating Authority; therefore no irregularity by the RP. Applying the statutory waterfall mechanism to admitted liquidation and plan figures, the Tribunal concluded the plan allocation to the Department exceeded what it would have received pro rata had its claim been admitted, so the Department was not prejudiced in recoverable quantum and the appeal was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
