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...
Carry forward and set off of short-term capital loss depends on compliance with the prescribed time limit for filing the loss return; where the return for AY 2020-21 was filed beyond the due date and no extension or condonation was sought, the Tribunal stated that carry forward stood denied when the return was processed. It further stated that the earlier denial could not be reopened in an appeal for AY 2024-25, so capital gains of that year could not be set off against the carried forward loss. The Tribunal distinguished Kullu Valley Transport Co. on facts and upheld the denial of set off.
Carry forward and set off of short-term capital loss depends on compliance with the prescribed time limit for filing the loss return; where the return for AY 2020-21 was filed beyond the due date and no extension or condonation was sought, the Tribunal stated that carry forward stood denied when the return was processed. It further stated that the earlier denial could not be reopened in an appeal for AY 2024-25, so capital gains of that year could not be set off against the carried forward loss. The Tribunal distinguished Kullu Valley Transport Co. on facts and upheld the denial of set off.
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