Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
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The SC affirmed the NCLAT's decision, dismissing the appeal concerning alleged fraudulent transactions under Section 66 of the IBC, 2016. The appellant contended that the impugned transactions were normal commercial dealings aimed at alleviating financial distress. However, the tribunal found no evidence of malafide intention or wilful misconduct by the corporate debtor. The SC held that the transactions did not warrant interference, upholding the lower authority's conclusion that the appellant's contention lacked merit. Consequently, the appeal was dismissed, confirming the validity of the impugned orders.
The SC affirmed the NCLAT's decision, dismissing the appeal concerning alleged fraudulent transactions under Section 66 of the IBC, 2016. The appellant contended that the impugned transactions were normal commercial dealings aimed at alleviating financial distress. However, the tribunal found no evidence of malafide intention or wilful misconduct by the corporate debtor. The SC held that the transactions did not warrant interference, upholding the lower authority's conclusion that the appellant's contention lacked merit. Consequently, the appeal was dismissed, confirming the validity of the impugned orders.
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