Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Nominee director protection shields independent financial-institution appointees from criminal liability where they lack involvement in deposit defaul...
The HC allowed the writ petition, holding that the petitioners' explanation for a 93-day delay in filing the statutory appeal - namely incapacitation of their consultant supported by a psychiatrist's certificate - was reasonable, plausible and not indicative of gross negligence or deliberate laches. The court condoned the delay, set aside the impugned appellate order dated March 29, 2025, and remitted the matter to the Appellate Authority for adjudication on merits. The petition is disposed of accordingly, with directions limited to restoration of the appeal for fresh hearing before the appropriate appellate forum.
The HC allowed the writ petition, holding that the petitioners' explanation for a 93-day delay in filing the statutory appeal - namely incapacitation of their consultant supported by a psychiatrist's certificate - was reasonable, plausible and not indicative of gross negligence or deliberate laches. The court condoned the delay, set aside the impugned appellate order dated March 29, 2025, and remitted the matter to the Appellate Authority for adjudication on merits. The petition is disposed of accordingly, with directions limited to restoration of the appeal for fresh hearing before the appropriate appellate forum.
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