Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Section 238 of the Insolvency and Bankruptcy Code gives the Code overriding effect over the Electricity Act, 2003, despite non-obstante clauses in that Act. An approved resolution plan extinguishes the corporate debtor's liabilities and pending debt-related proceedings arising before commencement of the corporate insolvency resolution process. Pre-CIRP demands for Parallel Operation Charges consequently stand extinguished where they fall within liabilities resolved under the approved plan, and the related appellate determination was sustained.
Section 238 of the Insolvency and Bankruptcy Code gives the Code overriding effect over the Electricity Act, 2003, despite non-obstante clauses in that Act. An approved resolution plan extinguishes the corporate debtor's liabilities and pending debt-related proceedings arising before commencement of the corporate insolvency resolution process. Pre-CIRP demands for Parallel Operation Charges consequently stand extinguished where they fall within liabilities resolved under the approved plan, and the related appellate determination was sustained.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
