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...
Input tax credit cannot be denied solely because a supplier's registration was cancelled retrospectively; the authorities must examine whether the purchaser proved actual receipt of goods through invoices, e-way bills, lorry receipts and similar records. Because that genuineness inquiry was not undertaken and most transactions predated the cancellation order, the assessment orders were set aside and the matter remanded for fresh consideration after giving the petitioner a reasonable opportunity.
Input tax credit cannot be denied solely because a supplier's registration was cancelled retrospectively; the authorities must examine whether the purchaser proved actual receipt of goods through invoices, e-way bills, lorry receipts and similar records. Because that genuineness inquiry was not undertaken and most transactions predated the cancellation order, the assessment orders were set aside and the matter remanded for fresh consideration after giving the petitioner a reasonable opportunity.
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