Condonation of Delay: directoral disputes and pending company proceedings can constitute reasonable cause, allowing a belated return to be treated as ...
Revisionary jurisdiction under section 263 upheld; faceless assessments subject to revision when AO fails requisite enquiries, remitted for fresh asse...
Limited scope of processing under section 143(1): enhancement without show cause is unsustainable; remand for residency, taxation and TDS verification...
Expunction of adverse observations in insolvency-related proceedings where appellate review found paras 25 and 28 contained unsupported factual assertions. The document holds that findings about initiation of investigation and group company affiliation lacked admissible material and were therefore unsustainable, and that exclusion of any Committee of Creditors member requires adequate opportunity to be heard; accordingly the impugned observations were expunged and related directions set aside. The operative effect is removal of unsupported adverse findings and affirmation of the necessity of evidentiary basis and hearing before excluding a CoC member.
Expunction of adverse observations in insolvency-related proceedings where appellate review found paras 25 and 28 contained unsupported factual assertions. The document holds that findings about initiation of investigation and group company affiliation lacked admissible material and were therefore unsustainable, and that exclusion of any Committee of Creditors member requires adequate opportunity to be heard; accordingly the impugned observations were expunged and related directions set aside. The operative effect is removal of unsupported adverse findings and affirmation of the necessity of evidentiary basis and hearing before excluding a CoC member.
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