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...
NCLAT dismissed the appeal challenging the impugned order rejecting the one-time settlement (OTS) proposal. It held that the adjudicating authority rightly rejected the OTS proposal as the resolution plan had already been approved. Reopening the proceedings to consider a subsequent settlement proposal would be impermissible after the finality of the approved resolution plan, unless compelling reasons existed, which was not the case here. The appeal against the impugned order was found unmerited.
NCLAT dismissed the appeal challenging the impugned order rejecting the one-time settlement (OTS) proposal. It held that the adjudicating authority rightly rejected the OTS proposal as the resolution plan had already been approved. Reopening the proceedings to consider a subsequent settlement proposal would be impermissible after the finality of the approved resolution plan, unless compelling reasons existed, which was not the case here. The appeal against the impugned order was found unmerited.
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TaxTMI 
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