The appellate tribunal upheld rejection of a resolution plan where balance sheets lacked details and assets were valued at NIL. The ruling affirms that plans must be supported by transparent and credible financial disclosures.
The Tribunal dismissed the appeal after finding that bank records, agreements, and admissions established benami elements. Procedural objections were held insufficient to override substantive findings.
The Supreme Court held that reassessment notices cannot be issued if limitation had expired under the old regime. The ruling affirms that the first proviso to Section 149 prevents retrospective reopening of assessments.
The Supreme Court restored bail to one accused after noting prior custodial interrogation, while permitting limited custody of the other. The ruling balances procedural compliance with individual circumstances in GST-related offences.
The Supreme Court refused to condone a 237-day delay and dismissed the SLP, also holding that the case lacked merit. The ruling underscores strict scrutiny of delay condonation.
The High Court held that delayed filing of Form 10B is a procedural lapse and does not justify denial of charitable exemption. Trusts otherwise compliant with audit requirements remain eligible for Section 11 benefits.
Information linked to verification of resolution plans was held exempt due to fiduciary relationship, reinforcing limits on RTI disclosures.
The appellate authority held that RTI cannot be used to seek confirmations or opinions. Information already available in the public domain need not be recompiled by the regulator.
The appellate authority held that information could not be disclosed since the subsidiary company was not admitted to insolvency proceedings. RTI access was limited to information held by the regulator.
The government has expanded mandatory Halal certification to 20 more countries for meat exports. Exporters must comply with I-CAS requirements within prescribed transition periods.
