Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
Rightful owners of 4000 shares or not - Exercise of jurisdiction u/s 8 of the Arbitration and Conciliation Act - The Appellate Tribunal emphasizes that the NCLT's jurisdiction under Section 8 of the Arbitration and Conciliation Act is limited to determining the existence of a valid arbitration agreement and whether the dispute is arbitrable. The Tribunal rules that the NCLT exceeded its jurisdiction by making findings on the ownership of shares, which should be decided at an appropriate stage of the main case.
Rightful owners of 4000 shares or not - Exercise of jurisdiction u/s 8 of the Arbitration and Conciliation Act - The Appellate Tribunal emphasizes that the NCLT's jurisdiction under Section 8 of the Arbitration and Conciliation Act is limited to determining the existence of a valid arbitration agreement and whether the dispute is arbitrable. The Tribunal rules that the NCLT exceeded its jurisdiction by making findings on the ownership of shares, which should be decided at an appropriate stage of the main case.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
