Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Rejection of application filed for extension of time for the purposes of completion of the Insolvency Resolution Process - The Appellate Tribunal (NCLAT) acknowledged the complexity of the insolvency cases and the necessity of extending the time beyond the statutory limit of 330 days prescribed by the IBC. The Tribunal cited the judgment in Essar Steel to support that extensions could be justified under exceptional circumstances to ensure justice and efficiency in the resolution process. - The Tribunal found that the resolution professional had not provided a fair chance for rectifying the alleged defects in the resolution plans submitted. - The Tribunal allowed the appeals, quashing the orders of the Adjudicating Authority.
Rejection of application filed for extension of time for the purposes of completion of the Insolvency Resolution Process - The Appellate Tribunal (NCLAT) acknowledged the complexity of the insolvency cases and the necessity of extending the time beyond the statutory limit of 330 days prescribed by the IBC. The Tribunal cited the judgment in Essar Steel to support that extensions could be justified under exceptional circumstances to ensure justice and efficiency in the resolution process. - The Tribunal found that the resolution professional had not provided a fair chance for rectifying the alleged defects in the resolution plans submitted. - The Tribunal allowed the appeals, quashing the orders of the Adjudicating Authority.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
