Insolvency Guardian Media Centre
The Hyderabad bench of Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer to re-examine the issue of outstanding tax claims of the income tax department against a corporate debtor sold as a going concern, in light of the principles laid down by the Supreme Court rulings.
The appellant, M/s. RVR Enterprises company had filed its return of income declaring a loss of over ₹100 crore for the year under consideration. However, following assessment proceedings under Section 143(3) of the Income-tax Act, 1961, the Assessing Officer determined positive income of ₹11.76 crore after making additions towards retention money written off, bank guarantee invocation, inter-corporate loans, and other payables.
On appeal, the…
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Royal Caribbean passenger jumps off cruise ship to avoid $16K gambling debt MSN
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Man Jumped Off Cruise Ship To Avoid Paying Gambling Debt MSN
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Hand up. I’ve never been on a cruise ship. Being surrounded by a bunch of people in the middle of the ocean doesn’t really sound like my type of ‘good time’ but when you start talking about playing high-stakes blackjack on the open seas, you don’t just have my curiosity, you have my attention.
Of course, if you’re hitting the tables on a cruise ship, there’s a lot that goes into it outside of taking out your wallet. You have the drunk tourists, the tuxedo-wearing “Captain’s Table” crowd, the Broadway-show folks, and then the degenerates grinding the roulette wheel while in international waters.
Nothing wrong with that. I’d definitely take the degenerate route and have myself the grandest of times. The only…
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How a $16,700 casino debt led Royal Caribbean cruise passenger to jump overboard and face federal charges Tribuna.com
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A Royal Caribbean cruise passenger is now facing federal charges after authorities say he jumped overboard in Puerto Rico to avoid paying off thousands in gambling losses.
According to CBS News, Jey Gonzalez-Diaz boarded the Rhapsody of the Seas in San Juan on August 31. When the ship returned from Barbados on September 7, investigators say he leapt into the water around 9:15 AM while U.S. Customs and Border Protection officers were conducting inspections as passengers disembarked.
Surveillance footage captured the moment, and a passerby on a jet ski pulled Gonzalez-Diaz to shore. Agents later found him near the Puerto Rico Capitol with $14,600 in cash, two cell phones and five different IDs, court documents state.
In Spanish,…
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Cruise ship passenger jumped overboard to avoid $16,000 gambling debt, prosecutors say Newswav
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