Act of financial creditor-Bank to adjust corporate debtor’s credit balance in cash towards debit balance couldn’t be justified

Case Details: Bank of India … Continue reading “Act of financial creditor-Bank to adjust corporate debtor’s credit balance in cash towards debit balance couldn’t be justified”

‘New’ MSME criteria to apply even under Liquidation: Scheme 230 Revival for dead Corporare Debtor

[2021] 130 taxmann.com 416 (Article) … Continue reading “‘New’ MSME criteria to apply even under Liquidation: Scheme 230 Revival for dead Corporare Debtor”

Assessment Orders u/s 144C(1) incurably Defective and Illegal if they don’t comply with Non-Obstante Provisions

Ashutosh Mohan Rastogi, Dhruv Seth … Continue reading “Assessment Orders u/s 144C(1) incurably Defective and Illegal if they don’t comply with Non-Obstante Provisions”

Service of beautification of streets under Smart Cities Mission is a composite supply of works contract & taxable at 12%: AAR

Case Details: Authority for Advance … Continue reading “Service of beautification of streets under Smart Cities Mission is a composite supply of works contract & taxable at 12%: AAR”