Related-party creditor exclusion bars CoC participation where lender rights show policy-making involvement, and post-CIRP assignment cannot cure ineli...
Rectification of apparent typographical errors may proceed without hearing when tax liability, input tax credit, and ruling substance remain unchanged...
Limited remand proceedings cannot reopen a stamp-duty valuation issue that earlier appellate directions did not keep open; the request for a valuation-officer reference therefore failed. Capital-gains exemption for transfer of agricultural land requires reliable proof that the land was used for agriculture by the assessee or a parent during the prescribed period; sale-deed description alone was insufficient, so the exemption was denied. Unsupported opening cash and banking entries without a direct nexus did not establish the source or genuineness of the investment. Likewise, creditor identity and bank receipt alone did not prove a refundable property advance where the agreement, cancellation and cash repayment were undocumented. The challenged additions were sustained.
Limited remand proceedings cannot reopen a stamp-duty valuation issue that earlier appellate directions did not keep open; the request for a valuation-officer reference therefore failed. Capital-gains exemption for transfer of agricultural land requires reliable proof that the land was used for agriculture by the assessee or a parent during the prescribed period; sale-deed description alone was insufficient, so the exemption was denied. Unsupported opening cash and banking entries without a direct nexus did not establish the source or genuineness of the investment. Likewise, creditor identity and bank receipt alone did not prove a refundable property advance where the agreement, cancellation and cash repayment were undocumented. The challenged additions were sustained.
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