Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Extinguishment of liability as per order of NCLT - challenge to order issued u/s 73 of the SGST/CGST Act 2017 - The High Court noted the NCLT order's explicit directive regarding the extinguishment of liabilities of the acquired company post-acquisition. The court emphasized the importance of honoring the NCLT's orders in such matters. The court relied on a previous decision and a Gujarat High Court judgment, both emphasizing the extinguishment of liabilities post-acquisition, to support its decision.
Extinguishment of liability as per order of NCLT - challenge to order issued u/s 73 of the SGST/CGST Act 2017 - The High Court noted the NCLT order's explicit directive regarding the extinguishment of liabilities of the acquired company post-acquisition. The court emphasized the importance of honoring the NCLT's orders in such matters. The court relied on a previous decision and a Gujarat High Court judgment, both emphasizing the extinguishment of liabilities post-acquisition, to support its decision.
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