NCLAT Delhi held that section 33 of Insolvency and Bankruptcy Code, 2016 (IBC) empowers the CoC to decide to liquidate the Corporate Debtor any time before the confirmation of the resolution plan by the Adjudicating Authority.
Tamil Nadu AAR disposes ZF Commercial Vehicle Control Systems India Limited’s GST Advance Ruling application as withdrawn.
ITAT Ahmedabad held that CIT(A) erred in upholding addition made by AO without considering the additional evidence. Such failure to admit and evaluate the additional evidence constitutes a violation of natural justice. Thus, matter remanded back for fresh adjudication.
Clarification sought by IDYA for HSN code and GST rate on antioxidant water. Advance ruling issued by Tamil Nadu AAR on classification and tax rate.
The applicant’s GST Advance Ruling application was disposed of as withdrawn, as they requested after being unable to secure the related contract.
Aeon Financial Consulting LLP’s GST AAR application was withdrawn regarding leasing and GST computation. No ruling was made by the authority.
Supreme Court held that the financial decisions as have been taken by Committee of Creditors, especially with regard to viability or otherwise, while evaluating the resolution plan would prevail.
Delhi High Court held that rewards under informer schemes are ex-gratia payments and thus, lie within the discretion of the competent authority. Court cannot direct Government to grant a particular amount to the informant by way of an award.
AAR Karnataka ruling on Uber India’s GST liability under Section 9(5) of the CGST Act. Does Uber qualify as an e-commerce operator, liable for driver service tax?
Kerala High Court rules no GST applies to personal guarantees by directors or loans to subsidiaries. CBIC Circulars clarify GST exemption in related party transactions.
