Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
A belated operational creditor claim in CIRP was rejected because the claimant did not supply the breakup and supporting material needed for verification, and the claim could not be matched with the corporate debtor's records. The NCLAT held that the claimant failed to rebut the Resolution Professional's reasons for rejection, including non-response to repeated requests and lack of proof for the asserted interest component. Because the resolution process had already advanced to the stage where the resolution plan was approved by the Committee of Creditors and filed before the Adjudicating Authority, the deficient claim could not be entertained. The rejection was upheld and the appeal dismissed.
A belated operational creditor claim in CIRP was rejected because the claimant did not supply the breakup and supporting material needed for verification, and the claim could not be matched with the corporate debtor's records. The NCLAT held that the claimant failed to rebut the Resolution Professional's reasons for rejection, including non-response to repeated requests and lack of proof for the asserted interest component. Because the resolution process had already advanced to the stage where the resolution plan was approved by the Committee of Creditors and filed before the Adjudicating Authority, the deficient claim could not be entertained. The rejection was upheld and the appeal dismissed.
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