Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
Administrative fraud classification suspension does not halt independent criminal investigation or warrant-based searches into alleged economic offenc...
Statutory appellate remedy before the National Company Law Appellate Tribunal must ordinarily be pursued against NCLT orders, including orders approving revised resolution plans under the insolvency process. Writ jurisdiction should not be exercised where that effective appellate remedy is available. The Supreme Court set aside interim orders that had entertained writ applications challenging an NCLT order, while leaving the parties free to seek relief before the appropriate forum and keeping the merits of their grievances open.
Statutory appellate remedy before the National Company Law Appellate Tribunal must ordinarily be pursued against NCLT orders, including orders approving revised resolution plans under the insolvency process. Writ jurisdiction should not be exercised where that effective appellate remedy is available. The Supreme Court set aside interim orders that had entertained writ applications challenging an NCLT order, while leaving the parties free to seek relief before the appropriate forum and keeping the merits of their grievances open.
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