Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Insolvency and BankruptcyJuly 14, 2020Case LawsBoard
Disciplinary proceedings against the IP - Contravention of provisions of the Code, Regulations, and directions issued thereunder by IP - The registration as an Insolvency Professional suspended for six months - The DC hereby directs the IP to secure reimbursement of an amount of ₹ 73,87,642/- which was paid to lender"s legal counsel (SAM) and charged to IRPC.
Disciplinary proceedings against the IP - Contravention of provisions of the Code, Regulations, and directions issued thereunder by IP - The registration as an Insolvency Professional suspended for six months - The DC hereby directs the IP to secure reimbursement of an amount of ₹ 73,87,642/- which was paid to lender"s legal counsel (SAM) and charged to IRPC.
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