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...
The SC dismissed the appeal as barred by limitation, affirming that the NCLAT correctly declined to condone a 283-day delay in filing the appeal under the Insolvency and Bankruptcy Code, 2016. The Court emphasized that the NCLAT acted within its jurisdiction and did not err in refusing to extend the limitation period. The appellant, despite being a statutory authority, failed to adhere to prescribed timelines and also incurred a further 147-day delay in approaching the SC. Consequently, the appeal was rejected both on grounds of inordinate delay and lack of merit.
The SC dismissed the appeal as barred by limitation, affirming that the NCLAT correctly declined to condone a 283-day delay in filing the appeal under the Insolvency and Bankruptcy Code, 2016. The Court emphasized that the NCLAT acted within its jurisdiction and did not err in refusing to extend the limitation period. The appellant, despite being a statutory authority, failed to adhere to prescribed timelines and also incurred a further 147-day delay in approaching the SC. Consequently, the appeal was rejected both on grounds of inordinate delay and lack of merit.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
