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...
Absence of recorded satisfaction in the assessment order for initiating penalty proceedings rendered penalty under section 271E unsustainable, where the assessment under section 143(3) accepted the returned income and contained no finding of violation of section 269T. Applying CIT v. Jai Laxmi Rice Mills, the Tribunal held that penalty proceedings cannot survive without such satisfaction in the assessment order and directed deletion of the penalty.
Absence of recorded satisfaction in the assessment order for initiating penalty proceedings rendered penalty under section 271E unsustainable, where the assessment under section 143(3) accepted the returned income and contained no finding of violation of section 269T. Applying CIT v. Jai Laxmi Rice Mills, the Tribunal held that penalty proceedings cannot survive without such satisfaction in the assessment order and directed deletion of the penalty.
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