Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The Supreme Court dismissed the appeal challenging the approval of a resolution plan under Section 31 of the Insolvency and Bankruptcy Code, 2016. The Court observed that the resolution plan was approved by the Committee of Creditors in 2019, and the adjudicating authority sanctioned it in 2021, with the plan already implemented. Given these circumstances and the relevant contractual provisions, the Court found no justification to disturb the prior orders. Consequently, the impugned judgment of the NCLAT was upheld, and the appeal was dismissed, affirming the finality of the resolution process and the implementation of the plan.
The Supreme Court dismissed the appeal challenging the approval of a resolution plan under Section 31 of the Insolvency and Bankruptcy Code, 2016. The Court observed that the resolution plan was approved by the Committee of Creditors in 2019, and the adjudicating authority sanctioned it in 2021, with the plan already implemented. Given these circumstances and the relevant contractual provisions, the Court found no justification to disturb the prior orders. Consequently, the impugned judgment of the NCLAT was upheld, and the appeal was dismissed, affirming the finality of the resolution process and the implementation of the plan.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
