Evergreen Construction appeals an interim order directing a 20% pre-deposit of disputed unpaid interest, citing GST Act provisions. Calcutta High Court clarifies the statute’s intent.
The judgment by the Delhi High Court in the case of Ireo Fiveriver Pvt. Ltd. vs Income Tax Department & Anr. underscores the importance of upholding the sanctity of approved Resolution Plans under the Insolvency and Bankruptcy Code. It reaffirms that once a resolution plan is approved, the successful resolution applicant cannot be subjected to additional liabilities arising from periods preceding the approval.
Explore the Rajasthan High Court’s ruling on Sarrs Construction’s refund of Input Tax Credit (ITC). Can the department recall granted refunds? Delve into the detailed analysis here.
Gujarat High Court held that demand notice issued after date of order of NCLT approving the resolution plan is liable to be quashed as claims which are not part of the resolution plan shall stand extinguished.
Learn about SEBIs consultation paper proposing a framework for fair price discovery of shares of listed Investment Companies & Investment Holding Companies.
Learn about GST exemption on canteen facility recovery from permanent employees as ruled by AAR Gujarat. Detailed analysis and implications included.
Learn how the Madras High Court disposed of a case where erroneous reporting of Credit Notes led to negative taxable value, highlighting no loss to the government.
Explore the role and significance of the Committee of Creditors (CoC) under the Insolvency and Bankruptcy Code (IBC) in India. Learn about its formation, composition, voting power, and decision-making authority.
Discover the pros and cons of different legal and tax structures for incorporating a business in the US: C Corporation, S Corporation, and Limited Liability Company (LLC).
Explore the key provisions and procedures outlined in GujRERA Guidance-5 for bankers regarding the operation and maintenance of RERA bank accounts in Gujarat.
