Co-operative society's mandatory reserve and share capital fixed deposits with banks-interest treated as business income under 80P(2)(a)(iii) deductio...
Income tax reassessment reopening after four years on investigation tip, without s.147 proviso disclosure failure, struck down as borrowed satisfactio...
Section 62 of the Insolvency and Bankruptcy Code limits condonable delay to 15 days beyond the 45-day limitation, rendering the appeal time-barred and dismissed. The appeal filed by the erstwhile management is not maintainable because the Interim/Resolution Professional for the corporate debtor has not come on record, and is therefore dismissed. Third-party intervention applications in a disposed matter are not maintainable and are dismissed for failure to protect interest within prescribed timelines. The Successful Resolution Applicants public refund offer with a specified cut-off entitles home buyers who claimed after 10.10.2024 but before 05.12.2025 only to refunds, not to allotment; all other pending applications are dismissed.
Section 62 of the Insolvency and Bankruptcy Code limits condonable delay to 15 days beyond the 45-day limitation, rendering the appeal time-barred and dismissed. The appeal filed by the erstwhile management is not maintainable because the Interim/Resolution Professional for the corporate debtor has not come on record, and is therefore dismissed. Third-party intervention applications in a disposed matter are not maintainable and are dismissed for failure to protect interest within prescribed timelines. The Successful Resolution Applicants public refund offer with a specified cut-off entitles home buyers who claimed after 10.10.2024 but before 05.12.2025 only to refunds, not to allotment; all other pending applications are dismissed.
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