Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
The NCLAT upheld the Supreme Court's decision setting aside the Resolution Plan approved by the CoC without prior CCI approval, rendering the plan unsustainable and nullifying all actions taken pursuant thereto. Consequently, the rights of all stakeholders were restored to the status quo ante. The Tribunal noted that the Supreme Court found inconsistencies in the data submitted and emphasized the need for greater scrutiny. With the Resolution Plan set aside, issues regarding the return of Performance Bank Guarantees (PBG) became moot. The Tribunal affirmed that returning the PBG to the resolution applicant was a consequential act following the Supreme Court's order and dismissed the appeals as misconceived.
The NCLAT upheld the Supreme Court's decision setting aside the Resolution Plan approved by the CoC without prior CCI approval, rendering the plan unsustainable and nullifying all actions taken pursuant thereto. Consequently, the rights of all stakeholders were restored to the status quo ante. The Tribunal noted that the Supreme Court found inconsistencies in the data submitted and emphasized the need for greater scrutiny. With the Resolution Plan set aside, issues regarding the return of Performance Bank Guarantees (PBG) became moot. The Tribunal affirmed that returning the PBG to the resolution applicant was a consequential act following the Supreme Court's order and dismissed the appeals as misconceived.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4830 
Join Channel 
