Jurisdictional sanction requirements bar reassessment when approval comes from an authority lacking statutory competence under the applicable framewor...
Recorded sales receipts cannot be reassessed as unexplained cash credits, eliminating the basis for consequential alleged commission expenditure addit...
Sufficient cause for delayed income-tax appeals requires bona fide diligence; unsubstantiated counsel illness and assessee inaction defeat condonation...
TNMM Segmentation Limits Transfer-Pricing Adjustments to Associated-Enterprise Transactions and Requires Turnover-Based Comparable Selection for IT Se...
Reconsideration of Resolution plan - The petitioners/appellants seek an order directing the respondents to place an amount equivalent to the difference between their entitlement and the amount approved by the Committee of Creditors in an Escrow Account until the final adjudication of the appeal. - After considering the submissions and the interim order, the Appellate Tribunal orders the respondents to hold the disputed amount in Escrow to safeguard the petitioners' interests and prevent any injustice. This decision is made in line with principles of fair play and good conscience, with the aim of ensuring a just outcome in the case.
Reconsideration of Resolution plan - The petitioners/appellants seek an order directing the respondents to place an amount equivalent to the difference between their entitlement and the amount approved by the Committee of Creditors in an Escrow Account until the final adjudication of the appeal. - After considering the submissions and the interim order, the Appellate Tribunal orders the respondents to hold the disputed amount in Escrow to safeguard the petitioners' interests and prevent any injustice. This decision is made in line with principles of fair play and good conscience, with the aim of ensuring a just outcome in the case.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
