Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expen...
Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires ...
Liquidators may continue eviction or possession proceedings commenced during CIRP where their purpose is to recover and protect corporate debtor assets. Liquidation does not make such proceedings infructuous because the Liquidator has corresponding powers and duties to take custody and control of liquidation-estate property. Possession disputes concerning estate assets may fall within NCLT insolvency jurisdiction where the claim arises directly from liquidation. Unregistered fixed-term leases cannot prove their terms, particularly where occupants are related parties who have not paid rent. Where rent-control procedures obstruct recovery of liquidation-estate assets, the IBC overriding provision permits recovery and eviction without recourse to the Rent Controller.
Liquidators may continue eviction or possession proceedings commenced during CIRP where their purpose is to recover and protect corporate debtor assets. Liquidation does not make such proceedings infructuous because the Liquidator has corresponding powers and duties to take custody and control of liquidation-estate property. Possession disputes concerning estate assets may fall within NCLT insolvency jurisdiction where the claim arises directly from liquidation. Unregistered fixed-term leases cannot prove their terms, particularly where occupants are related parties who have not paid rent. Where rent-control procedures obstruct recovery of liquidation-estate assets, the IBC overriding provision permits recovery and eviction without recourse to the Rent Controller.
Note: It is a system-generated summary and is for quick reference only.