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...
The company failed to file financial statements and annual returns for five financial years from 2014 to 2018. Despite having assets worth Rs. 3 crores as of 2008, the company could not recover the amount from another entity if its name was not restored. Considering the medical history of one director and lack of operations during 2014-2019, the NCLAT set aside the NCLT order and restored the company's name in the Register of Companies, subject to compliance fulfillment. No prejudice would be caused to anyone by restoring the company's name.
The company failed to file financial statements and annual returns for five financial years from 2014 to 2018. Despite having assets worth Rs. 3 crores as of 2008, the company could not recover the amount from another entity if its name was not restored. Considering the medical history of one director and lack of operations during 2014-2019, the NCLAT set aside the NCLT order and restored the company's name in the Register of Companies, subject to compliance fulfillment. No prejudice would be caused to anyone by restoring the company's name.
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