Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
Insolvency and BankruptcyMarch 28, 2024Case LawsAT
Liquidation of the Corporate Debtor - The right of the appellant to propose a revised resolution plan - The judgment highlights the NCLAT's approach to balancing the interests of creditors and debtors within the framework of the IBC, particularly in the context of MSMEs. It reaffirms the principle that liquidation should be a last resort, with a preference for resolution and revival to maintain the entity's contribution to the economy.
Liquidation of the Corporate Debtor - The right of the appellant to propose a revised resolution plan - The judgment highlights the NCLAT's approach to balancing the interests of creditors and debtors within the framework of the IBC, particularly in the context of MSMEs. It reaffirms the principle that liquidation should be a last resort, with a preference for resolution and revival to maintain the entity's contribution to the economy.
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