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...
NCLAT allowed the appeal and set aside the impugned order of the adjudicating authority which had rejected the appellant's Section 9 IBC application without recording reasons, hearing submissions, or issuing notice to the respondent. The matter is remanded for fresh adjudication, directing the adjudicating authority to afford both parties opportunity to be heard, record submissions and furnish reasoned findings. All issues are kept open for fresh consideration. The tribunal clarified that its remand does not express any view on the merits and the adjudicating authority's final decision must be uninfluenced by the appellate observations.
NCLAT allowed the appeal and set aside the impugned order of the adjudicating authority which had rejected the appellant's Section 9 IBC application without recording reasons, hearing submissions, or issuing notice to the respondent. The matter is remanded for fresh adjudication, directing the adjudicating authority to afford both parties opportunity to be heard, record submissions and furnish reasoned findings. All issues are kept open for fresh consideration. The tribunal clarified that its remand does not express any view on the merits and the adjudicating authority's final decision must be uninfluenced by the appellate observations.
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