Deductibility for charitable donations affirmed where payments to approved relief funds, even if CSR-driven, qualify under the donation deduction sche...
Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
NCLAT partly upheld adverse remarks against a resolution professional where the record showed belated filing of CIRP extension and liquidation applications, including one extension request made after the period had expired, so no expunction was warranted. It, however, removed the adverse inference that the resolution professional had a duty to file periodic progress reports, because no order, provision, or regulation requiring such reports was shown. It also held that the record did not support the charge of canvassing the CoC for approval of a particular resolution plan, since the CoC drove the negotiations and the RP acted on its directions within a creditor-driven CIRP.
NCLAT partly upheld adverse remarks against a resolution professional where the record showed belated filing of CIRP extension and liquidation applications, including one extension request made after the period had expired, so no expunction was warranted. It, however, removed the adverse inference that the resolution professional had a duty to file periodic progress reports, because no order, provision, or regulation requiring such reports was shown. It also held that the record did not support the charge of canvassing the CoC for approval of a particular resolution plan, since the CoC drove the negotiations and the RP acted on its directions within a creditor-driven CIRP.
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