Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
HC transferred pending winding-up petition to NCLT following respondent's explicit request. No substantive progress had occurred in seven years, with neither provisional nor official liquidator appointed. Court treated respondent's written submissions as transfer application, noting formal application unnecessary per Action Ispat precedent. Decision aligned with Supreme Court directive that pending winding-up proceedings not in advanced stages should transfer to NCLT. Matter scheduled for NCLT Delhi Bench hearing on 10.03.2025. Court emphasized transfer appropriate given absence of substantive liquidation proceedings and respondent's clear transfer intent.
HC transferred pending winding-up petition to NCLT following respondent's explicit request. No substantive progress had occurred in seven years, with neither provisional nor official liquidator appointed. Court treated respondent's written submissions as transfer application, noting formal application unnecessary per Action Ispat precedent. Decision aligned with Supreme Court directive that pending winding-up proceedings not in advanced stages should transfer to NCLT. Matter scheduled for NCLT Delhi Bench hearing on 10.03.2025. Court emphasized transfer appropriate given absence of substantive liquidation proceedings and respondent's clear transfer intent.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
Join Channel 
