Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Resolution process for Category II company IECCL initiated by IL&FS in January 2021 through Expression of Interest for acquisition of 42.25% shareholding. Process ongoing with participation of ICICI Bank as lead lender and Committee of Creditors meetings. Revised bid by Howen International Fund SPC under consideration by CoC. IECCL resolution process allowed to proceed, with liberty to ICICI Bank to raise objections on extinguishment of entire debt for mere 42.25% shareholding payment. Hearing on related application scheduled, excluding prayers regarding IECCL resolution which commenced in 2021 and to be completed irrespective of pendency.
Resolution process for Category II company IECCL initiated by IL&FS in January 2021 through Expression of Interest for acquisition of 42.25% shareholding. Process ongoing with participation of ICICI Bank as lead lender and Committee of Creditors meetings. Revised bid by Howen International Fund SPC under consideration by CoC. IECCL resolution process allowed to proceed, with liberty to ICICI Bank to raise objections on extinguishment of entire debt for mere 42.25% shareholding payment. Hearing on related application scheduled, excluding prayers regarding IECCL resolution which commenced in 2021 and to be completed irrespective of pendency.
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