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...
Alteration of acquisition structure expressly permitted by terms of an approved resolution plan and approved by the committee of creditors or implementation monitoring committee does not violate the time limit for completion of the corporate insolvency resolution process where the originally approved plan was submitted to the adjudicating authority within the statutory timeline; modification approved thereafter and placed before the authority is not a timeline breach. Operational creditors, including employees, are entitled to the amounts provided in the approved plan and employee provident fund and gratuity dues must be paid in full notwithstanding any capped earmark in the plan.
Alteration of acquisition structure expressly permitted by terms of an approved resolution plan and approved by the committee of creditors or implementation monitoring committee does not violate the time limit for completion of the corporate insolvency resolution process where the originally approved plan was submitted to the adjudicating authority within the statutory timeline; modification approved thereafter and placed before the authority is not a timeline breach. Operational creditors, including employees, are entitled to the amounts provided in the approved plan and employee provident fund and gratuity dues must be paid in full notwithstanding any capped earmark in the plan.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4819 
Join Channel 
