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...
The case involved issues regarding the approval of a Resolution Plan, including eligibility criteria for association of allottees, locus to file an appeal, correctness of unsold area mentioned in the plan, commitment of payment, equal opportunity for submitting a plan, irregularities by the Resolution Professional, and objections raised by various parties. The NCLAT held that different eligibility criteria for allottees is sustainable, rational basis for the registration cutoff date, and the Plan's approval was not vitiated by various challenges. It found no fault in the Plan's details, including the unsold area and funding sources. The Resolution Plan was deemed compliant, and no interference was justified. The applicants' requests were dismissed, and the appeal was disposed of.
The case involved issues regarding the approval of a Resolution Plan, including eligibility criteria for association of allottees, locus to file an appeal, correctness of unsold area mentioned in the plan, commitment of payment, equal opportunity for submitting a plan, irregularities by the Resolution Professional, and objections raised by various parties. The NCLAT held that different eligibility criteria for allottees is sustainable, rational basis for the registration cutoff date, and the Plan's approval was not vitiated by various challenges. It found no fault in the Plan's details, including the unsold area and funding sources. The Resolution Plan was deemed compliant, and no interference was justified. The applicants' requests were dismissed, and the appeal was disposed of.
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