Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
NCLAT dismissed the appeal involving a suspended corporate director's request for a resolution plan copy. The appellate tribunal ruled that the resolution professional (RP) was justified in requesting an undertaking preventing the appellant and related parties from submitting a competing resolution plan, given that the appellant's brother was simultaneously preparing a plan submission. The tribunal found the RP's precautionary measure reasonable to protect confidential information and prevent potential conflicts of interest in the insolvency proceedings. The appeal was consequently rejected, upholding the RP's discretionary decision to safeguard the resolution plan's integrity.
NCLAT dismissed the appeal involving a suspended corporate director's request for a resolution plan copy. The appellate tribunal ruled that the resolution professional (RP) was justified in requesting an undertaking preventing the appellant and related parties from submitting a competing resolution plan, given that the appellant's brother was simultaneously preparing a plan submission. The tribunal found the RP's precautionary measure reasonable to protect confidential information and prevent potential conflicts of interest in the insolvency proceedings. The appeal was consequently rejected, upholding the RP's discretionary decision to safeguard the resolution plan's integrity.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4796
Join Channel
TaxTMI 
