Modified returns after business reorganisations cannot trigger fresh scrutiny once the original assessment was complete, invalidating related transfer...
Third-party loose sheets require reliable nexus before supporting unexplained expenditure additions; presumptions do not establish payer identity or o...
TNMM comparability using audited accounts and working-capital adjustments can eliminate unwarranted transfer-pricing additions where verified margins ...
Gross-profit additions on disputed purchases require reasoned appellate determination; disclosed claims alone do not support inaccurate-particulars pe...
Limitation after transfer-pricing remand: fresh TPO reference did not extend the assessment deadline, rendering the consequential assessment time-barr...
Interim judicial restraint on tax deduction prevents default, while supporting reasonable cause and penalty deletion for foreign-leg LFC reimbursement...
Palmolein classification defeated the crude-oil concession; material misdeclaration sustained recovery and confiscation, while separate false-document...
Non-party former management, including a shareholder and personal guarantor, cannot seek recall of an order concerning resolution-plan implementation merely because counsel appeared in the proceedings. Participation rights are subordinate to timely insolvency resolution; without creditor status, impleadment, permitted intervention, or legal injury, no locus standi arises. Where a successful resolution applicant has paid the upfront amount but possession of the corporate debtor's property remains withheld through unauthorised occupation, excluding time for payment obligations facilitates implementation without modifying the approved resolution plan. The Adjudicating Authority may grant that extension without express committee of creditors concurrence.
Non-party former management, including a shareholder and personal guarantor, cannot seek recall of an order concerning resolution-plan implementation merely because counsel appeared in the proceedings. Participation rights are subordinate to timely insolvency resolution; without creditor status, impleadment, permitted intervention, or legal injury, no locus standi arises. Where a successful resolution applicant has paid the upfront amount but possession of the corporate debtor's property remains withheld through unauthorised occupation, excluding time for payment obligations facilitates implementation without modifying the approved resolution plan. The Adjudicating Authority may grant that extension without express committee of creditors concurrence.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
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