Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Committee of Creditors may reconsider a resolution plan at any time before the Adjudicating Authority approves it, including after remand to address statutory stakeholder claims. Directions requiring provision for provident fund, gratuity and other claims became final when unchallenged. Although the resolution applicant sought revision, it declined to increase the plan value when the remanded plan was reconsidered. The Committee of Creditors' commercial decision to reject the plan and proceed with liquidation was treated as non-justiciable in these circumstances. The proposed plan's rejection and the challenge to that rejection were upheld, with no basis for appellate interference.
Committee of Creditors may reconsider a resolution plan at any time before the Adjudicating Authority approves it, including after remand to address statutory stakeholder claims. Directions requiring provision for provident fund, gratuity and other claims became final when unchallenged. Although the resolution applicant sought revision, it declined to increase the plan value when the remanded plan was reconsidered. The Committee of Creditors' commercial decision to reject the plan and proceed with liquidation was treated as non-justiciable in these circumstances. The proposed plan's rejection and the challenge to that rejection were upheld, with no basis for appellate interference.
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