https://www.taxtmi.com/caselaws?id=298842 The Tribunal dismissed the Assistant Commissioner of Commercial Tax's application to set aside the rejection of a claim due to a 52-day delay in submission. The claim for tax dues under the KVAT and CST Acts was filed after the deadline specified in IBBI regulations. Despite citing genuine reasons for the delay, the Tribunal upheld the rejection, emphasizing the necessity of timely claim submission in liquidation proceedings. The decision underscores the duty of parties to proactively pursue their obligations and adhere to legal procedures in insolvency cases. en-us Mon, 05 Apr 2021 00:00:00 +0530 Tue, 23 Nov 2021 06:10:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298842 The Tribunal dismissed the Assistant Commissioner of Commercial Tax's application to set aside the rejection of a claim due to a 52-day delay in submission. The claim for tax dues under the KVAT and CST Acts was filed after the deadline specified in IBBI regulations. Despite citing genuine reasons for the delay, the Tribunal upheld the rejection, emphasizing the necessity of timely claim submission in liquidation proceedings. The decision underscores the duty of parties to proactively pursue their obligations and adhere to legal procedures in insolvency cases. Case-Laws Insolvency and Bankruptcy Mon, 05 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298842