Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Approval of the Resolution Plan - Appellant (Successful Resolution Applicant - SRA) submits that after approval of Resolution Plan of the Appellant by the CoC, there was no occasion for directing consideration of fresh settlement proposal submitted by Ex. Directors to be placed before the CoC - NCLAT noted that the Adjudicating Authority had passed the order without affording the appellant an opportunity to respond to the settlement proposal, which was deemed a violation of principles of natural justice. - The NCLAT set aside the Adjudicating Authority's order and granted the appellant two weeks to file objections to the settlement proposal. - NCLT directed to consider the objections along with the settlement proposal in accordance with the law.
Approval of the Resolution Plan - Appellant (Successful Resolution Applicant - SRA) submits that after approval of Resolution Plan of the Appellant by the CoC, there was no occasion for directing consideration of fresh settlement proposal submitted by Ex. Directors to be placed before the CoC - NCLAT noted that the Adjudicating Authority had passed the order without affording the appellant an opportunity to respond to the settlement proposal, which was deemed a violation of principles of natural justice. - The NCLAT set aside the Adjudicating Authority's order and granted the appellant two weeks to file objections to the settlement proposal. - NCLT directed to consider the objections along with the settlement proposal in accordance with the law.
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