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 HC held that it possessed jurisdiction to supervise and substitute the Special Committee and to define its mandate in the company petition concerning the mutual fund scheme administered by the ex-management respondents. The court found systemic irregularities, rejected the ex-management's objection to maintainability, set aside the rejection order dated 29 Nov 2023 and remitted the anonymized claimant's application for fresh consideration by the authority designated under this judgment. The interim embargo against payments to the ex-management was not impliedly merged into the final order of 29 May 2013 and continues to restrain disbursements to those parties. The court directed priority disbursement to retail/unrelated investors, required unclaimed redemption proceeds to be transferred to the Investor Protection and Education Fund, and disposed of the applications.
The HC held that it possessed jurisdiction to supervise and substitute the Special Committee and to define its mandate in the company petition concerning the mutual fund scheme administered by the ex-management respondents. The court found systemic irregularities, rejected the ex-management's objection to maintainability, set aside the rejection order dated 29 Nov 2023 and remitted the anonymized claimant's application for fresh consideration by the authority designated under this judgment. The interim embargo against payments to the ex-management was not impliedly merged into the final order of 29 May 2013 and continues to restrain disbursements to those parties. The court directed priority disbursement to retail/unrelated investors, required unclaimed redemption proceeds to be transferred to the Investor Protection and Education Fund, and disposed of the applications.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
