Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
A pre-CIRP concession agreement that had already been terminated could not be compelled to revive through an approved resolution plan or a later implementation order, because it no longer formed part of the CIRP estate in a manner permitting such direction. The NCLAT held that the Adjudicating Authority had exceeded its permissible scope by directing the appellant, who was not a CIRP participant, to act on the plan insofar as it required revival of the agreement. The order was modified to remove any such direction, while the parties were left free to pursue conciliation or arbitration in accordance with law.
A pre-CIRP concession agreement that had already been terminated could not be compelled to revive through an approved resolution plan or a later implementation order, because it no longer formed part of the CIRP estate in a manner permitting such direction. The NCLAT held that the Adjudicating Authority had exceeded its permissible scope by directing the appellant, who was not a CIRP participant, to act on the plan insofar as it required revival of the agreement. The order was modified to remove any such direction, while the parties were left free to pursue conciliation or arbitration in accordance with law.
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