Unverified judicial precedents cannot sustain customs reassessment treating the speaking-order deadline as directory when cited decisions are disclaim...
Struck-off companies cannot pursue declarations or injunctions over contractual rights without restoration, despite the statutory saving for recoverie...
Departmental appeal limits permit discretionary exceptions, while penalties for technical e-way bill lapses in genuine transactions require evasion in...
GST exemptions for government-facing incubation services depend on recipient status, while enterprise-support funds and incubator recognition affect t...
Transfer pricing comparability excludes functionally different providers and companies whose abnormal profits from extraordinary circumstances distort...
Tax-inclusive valuation of purchases and inventory remains mandatory despite separate accounting, while revision requires an erroneous and prejudicial...
Suspended management remains under a continuing duty under Section 19(1) of the Insolvency and Bankruptcy Code to provide corporate records and cooperate with the resolution professional. Approval of a resolution plan by the committee of creditors does not establish cooperation, and partial compliance does not discharge the duty. Section 19(2) permits directions but does not itself authorise costs. Costs for conduct in proceedings may be imposed under Section 60(5) read with Rule 11 of the NCLT Rules, 2016; the penal remedy under Section 70 does not exclude that power. Reference to an incorrect provision does not invalidate an order where the power exists under another available provision.
Suspended management remains under a continuing duty under Section 19(1) of the Insolvency and Bankruptcy Code to provide corporate records and cooperate with the resolution professional. Approval of a resolution plan by the committee of creditors does not establish cooperation, and partial compliance does not discharge the duty. Section 19(2) permits directions but does not itself authorise costs. Costs for conduct in proceedings may be imposed under Section 60(5) read with Rule 11 of the NCLT Rules, 2016; the penal remedy under Section 70 does not exclude that power. Reference to an incorrect provision does not invalidate an order where the power exists under another available provision.
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TaxTMI 
TaxTMI 
