Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Moratorium under the personal insolvency resolution process under Section 101 of the Insolvency and Bankruptcy Code is strictly time-bound and ends automatically on expiry of 180 days from admission or on an order on the repayment plan, whichever is earlier. The High Court held that once that period expires without an operative order on the repayment plan, the statutory embargo ceases by operation of law and does not continue by implication or require further waiting. Creditors then regain ordinary remedies, and execution proceedings against the personal guarantor may proceed. On that basis, the objection to continuation of execution was rejected, attachment was directed over the specified properties excluding the property kept out of consideration, and a Receiver was appointed for sale in accordance with law.
Moratorium under the personal insolvency resolution process under Section 101 of the Insolvency and Bankruptcy Code is strictly time-bound and ends automatically on expiry of 180 days from admission or on an order on the repayment plan, whichever is earlier. The High Court held that once that period expires without an operative order on the repayment plan, the statutory embargo ceases by operation of law and does not continue by implication or require further waiting. Creditors then regain ordinary remedies, and execution proceedings against the personal guarantor may proceed. On that basis, the objection to continuation of execution was rejected, attachment was directed over the specified properties excluding the property kept out of consideration, and a Receiver was appointed for sale in accordance with law.
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