Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
The Supreme Court dismissed the civil appeals, affirming the NCLAT's order dated 28.02.2025. The NCLAT had previously upheld the approval of the Resolution Plan dated 30.05.2022, passed by the Liquidator, and dismissed the related appeal. It was further held that the delay in re-filing the appeals was satisfactorily explained and thus condoned. The SC found no grounds to interfere with the NCLAT's decision, thereby confirming the validity of the Resolution Plan and the dismissal of the appeals challenging it.
The Supreme Court dismissed the civil appeals, affirming the NCLAT's order dated 28.02.2025. The NCLAT had previously upheld the approval of the Resolution Plan dated 30.05.2022, passed by the Liquidator, and dismissed the related appeal. It was further held that the delay in re-filing the appeals was satisfactorily explained and thus condoned. The SC found no grounds to interfere with the NCLAT's decision, thereby confirming the validity of the Resolution Plan and the dismissal of the appeals challenging it.
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TaxTMI 
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