Captive power transfer pricing and non-resident export commission rules support deletion of adjustments and withholding disallowance in discussed proc...
Cooperative society deposits, member-interest TDS exemption and credit-facility deduction claims require verification through records and supporting e...
Customs jurisdiction over EPCG condition breaches survives export-obligation discharge certificates, requiring alleged fraud and misdeclaration to be ...
Contractual tolerance requires consideration; breach recoveries, qualifying public infrastructure services and road works escape service tax liability...
Pre-existing disputes over quality of goods, delivery delay and account reconciliation did not bar Section 9 insolvency proceedings where the Corporate Debtor itself had prepared and communicated a consequences sheet quantifying those issues and crystallising the balance payable. The Tribunal treated the debtor's insistence that payment follow acceptance of that sheet as a conditional stance, not evidence of a subsisting dispute over the admitted amount. On the record, the balance debt was acknowledged, and the dispute was held to be hypothetical, spurious or illusory as to that crystallised liability. The appeal was dismissed and admission of the Corporate Debtor into CIRP under Section 9 was upheld.
Pre-existing disputes over quality of goods, delivery delay and account reconciliation did not bar Section 9 insolvency proceedings where the Corporate Debtor itself had prepared and communicated a consequences sheet quantifying those issues and crystallising the balance payable. The Tribunal treated the debtor's insistence that payment follow acceptance of that sheet as a conditional stance, not evidence of a subsisting dispute over the admitted amount. On the record, the balance debt was acknowledged, and the dispute was held to be hypothetical, spurious or illusory as to that crystallised liability. The appeal was dismissed and admission of the Corporate Debtor into CIRP under Section 9 was upheld.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
