Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring...
Unsubstantiated exempt agricultural income claim sustains concealment penalty after disclosure only on departmental detection and no bona fide evidenc...
SC dismissed the appeal due to non-compliance with statutory time limitations under Section 61 of IBC. The appellant failed to file certified copies and demonstrate sufficient cause for delay within the prescribed 30-day period extendable by 15 days. The court strictly interpreted procedural rules, emphasizing that legislative intent mandates adherence to limitation periods. The appellate tribunal's rejection of condonation applications was justified, as no compelling reasons were presented to explain the delay in filing the appeal. Consequently, the appeal was dismissed, reinforcing the statutory requirement for timely legal proceedings.
SC dismissed the appeal due to non-compliance with statutory time limitations under Section 61 of IBC. The appellant failed to file certified copies and demonstrate sufficient cause for delay within the prescribed 30-day period extendable by 15 days. The court strictly interpreted procedural rules, emphasizing that legislative intent mandates adherence to limitation periods. The appellate tribunal's rejection of condonation applications was justified, as no compelling reasons were presented to explain the delay in filing the appeal. Consequently, the appeal was dismissed, reinforcing the statutory requirement for timely legal proceedings.
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