Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
Administrative fraud classification suspension does not halt independent criminal investigation or warrant-based searches into alleged economic offenc...
Page of 4821
Press 'Enter' after typing page number.
1121 to 1140 of 96406 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Limitation for Section 95 insolvency proceedings against a personal guarantor ran from the date of actual invocation of the guarantee under Article 137 of the Limitation Act. Communications dated 29.01.2016 and 30.11.2018 were held not to be loan recall notices or effective invocations, as they only referred to default and possible legal action. The clear invocation occurred only on 03.08.2020, when the creditor expressly called upon the guarantor to pay. The proceedings initiated thereafter were therefore within limitation, and the NCLAT upheld their admission and dismissed the appeal.
Limitation for Section 95 insolvency proceedings against a personal guarantor ran from the date of actual invocation of the guarantee under Article 137 of the Limitation Act. Communications dated 29.01.2016 and 30.11.2018 were held not to be loan recall notices or effective invocations, as they only referred to default and possible legal action. The clear invocation occurred only on 03.08.2020, when the creditor expressly called upon the guarantor to pay. The proceedings initiated thereafter were therefore within limitation, and the NCLAT upheld their admission and dismissed the appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4821 
Join Channel 
