Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
The NCLAT dismissed the company petition filed by the appellant on grounds of lack of maintainability and delay. It held that the appellant failed to establish his membership in the respondent company between 2012-2013 till the filing of the petition in 2023. The appellant was removed as a member in the EOGM dated 01.02.2012, which was published in the newspaper, and he did not challenge this decision. With 97 members on the date of filing, the appellant did not meet the statutory threshold for filing the petition u/s 244(b) of the Companies Act, 2013. The NCLAT rejected the appellant's argument of believing he was still a member during these years, finding no infirmity in the impugned order. Consequently, the appeal was dismissed as devoid of merit.
The NCLAT dismissed the company petition filed by the appellant on grounds of lack of maintainability and delay. It held that the appellant failed to establish his membership in the respondent company between 2012-2013 till the filing of the petition in 2023. The appellant was removed as a member in the EOGM dated 01.02.2012, which was published in the newspaper, and he did not challenge this decision. With 97 members on the date of filing, the appellant did not meet the statutory threshold for filing the petition u/s 244(b) of the Companies Act, 2013. The NCLAT rejected the appellant's argument of believing he was still a member during these years, finding no infirmity in the impugned order. Consequently, the appeal was dismissed as devoid of merit.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
