Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Court ordered dissolution of company and discharged Official Liquidator as Liquidator u/s 481 of Companies Act, 1956 as Official Liquidator could not proceed further with winding up process. Relying on Supreme Court decision in Meghal Homes case, held that when affairs of company completely wound up or court finds Official Liquidator cannot proceed with winding up for want of funds or any other reason, court can dissolve company. Present case warranted ending liquidation proceedings, dissolving company in liquidation, and discharging Official Liquidator.
Court ordered dissolution of company and discharged Official Liquidator as Liquidator u/s 481 of Companies Act, 1956 as Official Liquidator could not proceed further with winding up process. Relying on Supreme Court decision in Meghal Homes case, held that when affairs of company completely wound up or court finds Official Liquidator cannot proceed with winding up for want of funds or any other reason, court can dissolve company. Present case warranted ending liquidation proceedings, dissolving company in liquidation, and discharging Official Liquidator.
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