Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
Default was proved only for the overdue quarterly interest demanded in the cure notice, not for the full debenture principal, because the principal became payable only on 30.06.2024 and no further redemption demand was issued before the Section 7 filing; later payments did not erase the subsisting default on the filing date. The view that real estate insolvency can never be project-wise was rejected as contrary to binding precedent, and the process was required to proceed on a project-specific basis unless circumstances justify otherwise. On construction of the debenture trust deed, the financing and security package were held to be tied to Project Aspirations on the identified land, so the CIRP was confined to that project and not extended to the debtor's other projects.
Default was proved only for the overdue quarterly interest demanded in the cure notice, not for the full debenture principal, because the principal became payable only on 30.06.2024 and no further redemption demand was issued before the Section 7 filing; later payments did not erase the subsisting default on the filing date. The view that real estate insolvency can never be project-wise was rejected as contrary to binding precedent, and the process was required to proceed on a project-specific basis unless circumstances justify otherwise. On construction of the debenture trust deed, the financing and security package were held to be tied to Project Aspirations on the identified land, so the CIRP was confined to that project and not extended to the debtor's other projects.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
