Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
NCLAT dismissed the appeal addressing jurisdictional issues in insolvency proceedings. The tribunal clarified that the Adjudicating Authority cannot unilaterally direct investigations against parties without providing reasonable opportunity of hearing. While exercising powers under Section 9 and Section 213 of Companies Act, 2013, the authority can forward case documents to relevant statutory authorities but cannot independently mandate forensic audits or investigations. The tribunal emphasized adherence to statutory schemes and procedural safeguards when considering potential corporate misconduct, ultimately disposing of the appeal without substantive intervention in the underlying dispute.
NCLAT dismissed the appeal addressing jurisdictional issues in insolvency proceedings. The tribunal clarified that the Adjudicating Authority cannot unilaterally direct investigations against parties without providing reasonable opportunity of hearing. While exercising powers under Section 9 and Section 213 of Companies Act, 2013, the authority can forward case documents to relevant statutory authorities but cannot independently mandate forensic audits or investigations. The tribunal emphasized adherence to statutory schemes and procedural safeguards when considering potential corporate misconduct, ultimately disposing of the appeal without substantive intervention in the underlying dispute.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
