Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
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...
Section 33 of IBC bars institution of new suits during liquidation process, but allows continuation of pending suits/proceedings, unlike Section 14 which prohibits both. Respondent unlawfully adjusted ITR amount against pre-CIRP tax dues without filing claim before Liquidator, despite public announcement. ITR amount was part of liquidation estate, and adjustment violated rights of other stakeholders. Matter remanded to examine quantum of set-off allowed against Respondent's claim entitlement in liquidation proceedings.
Section 33 of IBC bars institution of new suits during liquidation process, but allows continuation of pending suits/proceedings, unlike Section 14 which prohibits both. Respondent unlawfully adjusted ITR amount against pre-CIRP tax dues without filing claim before Liquidator, despite public announcement. ITR amount was part of liquidation estate, and adjustment violated rights of other stakeholders. Matter remanded to examine quantum of set-off allowed against Respondent's claim entitlement in liquidation proceedings.
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