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...
SC upheld the auction's validity under SARFAESI Act, confirming GRT Hotels as the successful bidder. The court directed Edelweiss ARCL to facilitate peaceful possession transfer to GRT Hotels within one month and authorized Edelweiss to withdraw the deposited funds. While acknowledging Edelweiss's claim of a higher outstanding debt, the court focused on procedural compliance and accepted the highest available bid. The special leave petition was disposed of, with consequential directions for asset transfer and fund release, without delving into the detailed debt quantum.
SC upheld the auction's validity under SARFAESI Act, confirming GRT Hotels as the successful bidder. The court directed Edelweiss ARCL to facilitate peaceful possession transfer to GRT Hotels within one month and authorized Edelweiss to withdraw the deposited funds. While acknowledging Edelweiss's claim of a higher outstanding debt, the court focused on procedural compliance and accepted the highest available bid. The special leave petition was disposed of, with consequential directions for asset transfer and fund release, without delving into the detailed debt quantum.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
