Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 Highlights - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Law:
---- All Laws----
  • ---- All Laws----
  • Income Tax
  • Direct Taxes
  • Benami Property
  • Central GST Laws
  • SGST - State GST Laws
  • Customs
  • FTP - Foreign Trade Policy
  • SEZ - Special Economic Zone
  • FEMA - Foreign Exchange Management
  • Companies Law
  • SEBI - Securities & Exchange Board of India
  • IBC - Insolvency and Bankruptcy
  • Law of Competition
  • PMLA - Money-Laundering
  • Indian Laws
  • Bill / Finance Bills
  • Wealth Tax
  • Service Tax
  • Central Excise
  • VAT / Sales Tax
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    Retrenchment compensation under BSNL's voluntary retirement scheme was held exempt as a capital receipt.
    Functional test for software expense, section 14A computation and Debenture Redemption Reserve treatment under MAT
    Hearing aid charging case classification upheld as accessory; extended limitation, confiscation, and penalty were set aside.
    Customs valuation and transaction value: direct-import duty demand set aside, high sea sale valuation and penalties remanded for fresh adjudication.
    Burden of proof in petroleum classification: department failed to justify reclassification from condensate to light oil.
    Injection moulding classification covers CKD/SKD foam production lines, with anti-dumping duty applying to integrated systems.
    Motor vehicle classification: Integrated Dynamic Brake treated as an accessory, not a brake part or automatic control instrument.
    Oppression and mismanagement claims fail where the petitioner consented to the transactions, and statutory breach was unproved.
    Fresh company petition barred by res judicata where prior liberty was limited and execution was the proper remedy.
    Time-bound moratorium under personal insolvency ends automatically, allowing execution to continue against a personal guarantor.
    Fraudulent trading liability upheld for withholding deducted employee dues held in trust, even without proof of personal gain.
    Limitation for personal guarantor insolvency starts with valid guarantee invocation and expiry of the payment period, not corporate debtor default
    Prima facie discharge review under PMLA sustained where trial court considered material and found no basis for revisional interference.
    PMLA attachment of pre-2005 acquired property challenged as invalid; Tribunal addressed this limitation issue.
    PMLA attachment upheld for served notice, proceeds of crime value, and spouse-held properties linked to illicit funds.
    Proceeds of crime and equivalent value attachment upheld where excess land-sale receipts were unjustified and retained funds were attachable.
    Reverse charge and Cenvat credit disputes turned on vague notices, non-includible TDS, and audit-based limitation failure.
    Job work versus manpower supply: Tribunal rejected service tax demand and upheld genuine tax mitigation.
    Clandestine removal requires corroborative and admissible evidence; private records, untested statements and printouts were insufficient here.
    Permissive arbitration clause held non-binding where contract used "can" and required further consent to arbitrate.
❯❯
MaximizeMaximizeMaximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

    +

    Are you sure you want to delete "My most important" ?

    NOTE:

    Highlights
    Showing Results for :
    Reset Filters
    Results Found:
    Show All SummariesHide All Summaries

    Highlights

    Back

    All Highlights

    Showing Results for :
    Reset Filters
      No Records Found

      Highlights

      Back

      All Highlights

      whatsappJoin Channel
      Showing Results for : Reset Filters
      Companies Law

      Waiver under Section 244 for a company limited by guarantee was...

      Section 244 waiver threshold upheld where prima facie oppression, mismanagement, and articles violations supported the petition.

      Contents
      Summary
      Note

      Note

      -

      Bookmark

      Print

      Print

      Companies LawMay 9, 2026Case LawsAT
      Waiver under Section 244 for a company limited by guarantee was considered on the basis of prima facie oppression and mismanagement, exceptional circumstances, and alleged violation of the Articles of Association. The Appellate Tribunal accepted that at the waiver stage a detailed merits review was unnecessary and that concise reasons were sufficient if relevant factors were considered. It found that the order had addressed the club's affairs, the alleged illegal termination and suspension of a member during pending proceedings, the convening of the EOGM, and broader mismanagement allegations. The challenge was treated as affecting members' rights and club governance, and the withdrawal of 49 members did not defeat waiver at that stage.

      Topics

      ActsIncome Tax