Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
The NCLAT held that the NCLT lacks jurisdiction to order eviction of a tenant whose tenancy is protected under the rent control law. The IBC does not override tenancy rights safeguarded by the Rent Control Act. The NCLT's jurisdiction is confined to matters directly related to the insolvency resolution process. The appeal against the NCLT's eviction order was allowed, as ordering eviction of a statutorily protected tenant exceeds the NCLT's powers under the IBC.
The NCLAT held that the NCLT lacks jurisdiction to order eviction of a tenant whose tenancy is protected under the rent control law. The IBC does not override tenancy rights safeguarded by the Rent Control Act. The NCLT's jurisdiction is confined to matters directly related to the insolvency resolution process. The appeal against the NCLT's eviction order was allowed, as ordering eviction of a statutorily protected tenant exceeds the NCLT's powers under the IBC.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
