Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Where annual listing fees had already been quantified against the corporate debtors and only recovery remained, the dispute over de-freezing their demat accounts fell within the NCLT's residuary jurisdiction under Section 60(5)(c) of the IBC. The Tribunal held that securities regulatory provisions did not bar such relief when no further regulatory determination was pending, and that the insolvency regime could govern preservation and control of the debtors' assets, including securities. Applying the IBC's overriding effect, the NCLAT upheld the de-freezing orders and rejected the challenge to NCLT jurisdiction, dismissing the appeals.
Where annual listing fees had already been quantified against the corporate debtors and only recovery remained, the dispute over de-freezing their demat accounts fell within the NCLT's residuary jurisdiction under Section 60(5)(c) of the IBC. The Tribunal held that securities regulatory provisions did not bar such relief when no further regulatory determination was pending, and that the insolvency regime could govern preservation and control of the debtors' assets, including securities. Applying the IBC's overriding effect, the NCLAT upheld the de-freezing orders and rejected the challenge to NCLT jurisdiction, dismissing the appeals.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
