A new excerpt from 'Dust & Grooves, Vol. 2' explores the history of albums made to scam the IRS, and how they became holy grails for collectors.
ITAT Surat held that due to non-cooperation on the part of the assessee ex-parte order was passed. Accordingly, matter remitted back, however, cost of Rs. 20,000 imposed for non-cooperation.
Conclusion: Adjudicating Authority didn’t commit any error in holding that all requisite conditions necessary to trigger CIRP under Section 9 stood fulfilled and that the grounds of pre-existing ...