Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
NCLAT dismissed the company appeal challenging an interim order regarding an Annual General Meeting (AGM). The Appellate Tribunal held that interlocutory orders exercising discretionary powers are not typically appealable under Section 421. The tribunal emphasized that procedural principles from previous cases cannot be mechanically applied to interim applications, particularly when judicial discretion involves human prudence. The court directed the lower tribunal to consider any future stay vacation application independently, without being influenced by the current observations, and to expeditiously decide the pending interlocutory application in accordance with legal provisions.
NCLAT dismissed the company appeal challenging an interim order regarding an Annual General Meeting (AGM). The Appellate Tribunal held that interlocutory orders exercising discretionary powers are not typically appealable under Section 421. The tribunal emphasized that procedural principles from previous cases cannot be mechanically applied to interim applications, particularly when judicial discretion involves human prudence. The court directed the lower tribunal to consider any future stay vacation application independently, without being influenced by the current observations, and to expeditiously decide the pending interlocutory application in accordance with legal provisions.
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