Compromise-and-arrangement extensions may accommodate debt assignment where creditor commercial judgment supports value maximisation and avoids proced...
Delayed-payment surcharge is not taxable tolerance consideration where it penalises default, while meter testing follows electricity distribution trea...
Sufficient cause for delayed revenue income-tax appeals requires bona fides, due diligence and a credible explanation; otherwise limitation bars appea...
Inverted-duty-structure refunds remain available for unchanged-rate apparel supplies despite trader status and require tax-period-specific computation...
Foundational assessment satisfaction is essential before initiating penalty for cash receipt of immovable-property sale consideration under section 27...
Permanent stay of winding up under the Companies Act, 1956 may support corporate revival where a redevelopment scheme settles or provides agreed payment of creditor and workmen claims and advances public interest and commercial morality. Revival need not require resumption of the company's former business, as a change of objects is not legally barred. Redevelopment of company-owned land does not itself amount to a transfer or divestment. Disputes over majority shareholders' creditor claims, dividends, security and long-term loans remain matters for claim adjudication and do not by themselves defeat revival. Changed circumstances can support a fresh application despite earlier adverse observations.
Permanent stay of winding up under the Companies Act, 1956 may support corporate revival where a redevelopment scheme settles or provides agreed payment of creditor and workmen claims and advances public interest and commercial morality. Revival need not require resumption of the company's former business, as a change of objects is not legally barred. Redevelopment of company-owned land does not itself amount to a transfer or divestment. Disputes over majority shareholders' creditor claims, dividends, security and long-term loans remain matters for claim adjudication and do not by themselves defeat revival. Changed circumstances can support a fresh application despite earlier adverse observations.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
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