Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
Reassessment cannot proceed on the assumption that no return was filed once the assessee has in fact filed a return pursuant to notice under section 142(1); a later corrigendum that merely records the return without correcting the basis does not cure the foundational error, so the draft assessment order requires reconsideration and fresh proceedings may be taken in accordance with law. The text also notes that, for computing reassessment limitation under section 153(2), the time spent in a writ petition with interim protection before expiry of the period may be excluded, allowing the Department to proceed afresh after the impugned order is set aside.
Reassessment cannot proceed on the assumption that no return was filed once the assessee has in fact filed a return pursuant to notice under section 142(1); a later corrigendum that merely records the return without correcting the basis does not cure the foundational error, so the draft assessment order requires reconsideration and fresh proceedings may be taken in accordance with law. The text also notes that, for computing reassessment limitation under section 153(2), the time spent in a writ petition with interim protection before expiry of the period may be excluded, allowing the Department to proceed afresh after the impugned order is set aside.
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