Penalty for estimation of income and disallowances for tax non-deduction clarified: estimation-based penalties not sustainable; additions without conc...
Managerial remuneration disallowance under s.40A(2)(b) challenged over alleged tax-avoidance; appellate decision restored deletion of addition for dir...
Classification of imported goods as electronic cigarette versus tobacco product reversed for lack of proof; order set aside for jurisdictional overrea...
A transfer application seeking shifting of proceedings from one NCLT Bench was rejected, where the applicants alleged that a Technical Member "threatened to vacate" an interim stay during hearing. The Court held that transfer cannot be granted merely due to oral observations made in the course of proceedings, and characterised the plea as an unjustified attempt to browbeat the Tribunal; hence, the President's decision to treat the application as liable to dismissal required no interference. The legal question raised in a connected matter filed by the same applicants was expressly kept open to be decided in separate proceedings where notice had been issued. - SC
A transfer application seeking shifting of proceedings from one NCLT Bench was rejected, where the applicants alleged that a Technical Member "threatened to vacate" an interim stay during hearing. The Court held that transfer cannot be granted merely due to oral observations made in the course of proceedings, and characterised the plea as an unjustified attempt to browbeat the Tribunal; hence, the President's decision to treat the application as liable to dismissal required no interference. The legal question raised in a connected matter filed by the same applicants was expressly kept open to be decided in separate proceedings where notice had been issued. - SC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
