Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
Customs valuation must use comparable contemporary imports, while confiscation fines and penalties require proportionate recalculation on reassessed v...
Depositor-protection proceedings prevail over corporate insolvency, while liquidators may recover chit receivables using copies of seized company reco...
Orders disposing of show-cause notices under the Insolvency and Bankruptcy Code in exercise of disciplinary committee jurisdiction fall within the appellate remedy available for orders under the relevant provisions. Where an appeal to the National Company Law Appellate Tribunal is available, writ jurisdiction should not ordinarily be invoked at the first instance, even if the order does not finally determine the consequences of alleged misconduct. The disciplinary dispute may instead be pursued through the statutory appeal, with any delay assessed in light of prior writ proceedings.
Orders disposing of show-cause notices under the Insolvency and Bankruptcy Code in exercise of disciplinary committee jurisdiction fall within the appellate remedy available for orders under the relevant provisions. Where an appeal to the National Company Law Appellate Tribunal is available, writ jurisdiction should not ordinarily be invoked at the first instance, even if the order does not finally determine the consequences of alleged misconduct. The disciplinary dispute may instead be pursued through the statutory appeal, with any delay assessed in light of prior writ proceedings.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4894 
