Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
Admission of Section 7 Application - CIRP - The case involved an appeal by a suspended director of a corporate debtor against the admission of a Section 7 application by the respondent bank. The appellant contested the admission, citing efforts to service the debt, while the bank argued non-compliance and default on payments. The tribunal examined the submissions and found evidence supporting the bank's claims of default, including non-payment despite notices and failed settlement attempts. It upheld the adjudicating authority's decision, affirming the existence of financial debt and default, thus dismissing the appeal.
Admission of Section 7 Application - CIRP - The case involved an appeal by a suspended director of a corporate debtor against the admission of a Section 7 application by the respondent bank. The appellant contested the admission, citing efforts to service the debt, while the bank argued non-compliance and default on payments. The tribunal examined the submissions and found evidence supporting the bank's claims of default, including non-payment despite notices and failed settlement attempts. It upheld the adjudicating authority's decision, affirming the existence of financial debt and default, thus dismissing the appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
