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...
Immunity to corporate debtors and their assets, upon approval of a resolution plan - jurisdiction of NCLT to release the attached properties by invoking Section 32A of the IBC, 2016? - Teh High Court held that the NCLT was within its jurisdiction to direct the ED to release the attached properties, based on the provisions of Section 32A, as it aims to ensure that the approved resolution plan can be effectively implemented. - The court emphasized that once a resolution plan is approved under Section 31 of the IBC, 2016, and meets the criteria for immunity under Section 32A, the attached properties must be released to aid in the revival of the corporate debtor.
Immunity to corporate debtors and their assets, upon approval of a resolution plan - jurisdiction of NCLT to release the attached properties by invoking Section 32A of the IBC, 2016? - Teh High Court held that the NCLT was within its jurisdiction to direct the ED to release the attached properties, based on the provisions of Section 32A, as it aims to ensure that the approved resolution plan can be effectively implemented. - The court emphasized that once a resolution plan is approved under Section 31 of the IBC, 2016, and meets the criteria for immunity under Section 32A, the attached properties must be released to aid in the revival of the corporate debtor.
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