Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
The Calcutta High Court reviewed the cancellation of the petitioner's registration due to alleged tax evasion. The court noted that the petitioner did not submit required documents but responded to a show cause notice. The rejection of the application for revocation was based on non-submission of purchase and sale statements. The court directed the cancellation to be revoked upon filing returns and documents as required. The orders of cancellation and rejection were set aside, contingent on the petitioner complying with tax obligations. The petition was disposed of accordingly.
The Calcutta High Court reviewed the cancellation of the petitioner's registration due to alleged tax evasion. The court noted that the petitioner did not submit required documents but responded to a show cause notice. The rejection of the application for revocation was based on non-submission of purchase and sale statements. The court directed the cancellation to be revoked upon filing returns and documents as required. The orders of cancellation and rejection were set aside, contingent on the petitioner complying with tax obligations. The petition was disposed of accordingly.
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