Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Respondent No.1 & 2 directed to initiate action under Chapter XIV of Companies Act, 2013 against respondent No.3 and sister group companies for manipulating records and siphoning funds to shell companies. Court finds inaction by respondents No.1 & 2 unfathomable despite information about financial affairs. Imperative to exercise statutory duties in arresting pilferage, safeguard interests of petitioner and others. Respondents No.1 & 2 conjointly directed to inspect affairs of respondent No.3 and related companies as per IRP reports, ensure compliance u/ss 206 to 210, submit Inspection Report within four weeks. Matter re-notified for hearing.
Respondent No.1 & 2 directed to initiate action under Chapter XIV of Companies Act, 2013 against respondent No.3 and sister group companies for manipulating records and siphoning funds to shell companies. Court finds inaction by respondents No.1 & 2 unfathomable despite information about financial affairs. Imperative to exercise statutory duties in arresting pilferage, safeguard interests of petitioner and others. Respondents No.1 & 2 conjointly directed to inspect affairs of respondent No.3 and related companies as per IRP reports, ensure compliance u/ss 206 to 210, submit Inspection Report within four weeks. Matter re-notified for hearing.
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