Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
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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.
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