SC dismissed Revenue’s plea after Gujarat HC held that even proposed additions would not alter MAT liability, defeating escapement claims. HC found all material facts were disclosed during scrutiny assessment; SC left the order undisturbed.
The Supreme Court declined to interfere with the Bombay High Court’s view that a later judicial pronouncement cannot constitute a “mistake apparent from the record” under Section 254(2).
The High Court upheld denial of Section 10(38) exemption after concurrent findings established that the share transactions lacked genuineness. The Supreme Court later dismissed the SLP against the decision.
The Supreme Court examined whether personal insolvency proceedings under the IBC could halt cheque dishonour cases under Section 138 of the NI Act. The Court held that such prosecutions are criminal in nature and continue despite insolvency moratorium protections.
The case involved disallowances of business and labour expenses despite accepted books of account. The Supreme Court declined to interfere with the findings deleting the additions.
The Supreme Court issued notice in a challenge to West Bengals entry tax regime concerning goods meant for export. Interim protection was granted while the Court considers the constitutional issues involved.
A Successful Resolution Applicant (SRA) could not avoid a CoC-approved resolution plan by claiming that the Letter of Intent (LoI) was conditional. The court observed that merely stating in the LoI that the resolution plan would be subject to the outcome of pending proceedings before the NCLT did not make the LoI conditional.
The Supreme Court held that an accused cannot be denied copies of documents forming part of the chargesheet merely because prosecution is under the Official Secrets Act. The Court balanced fair trial rights and national security by allowing access subject to strict confidentiality restrictions.
The Supreme Court held that an appeal filed without the mandatory certified copy of the NCLT order was not properly instituted. It set aside the NCLAT’s order condoning delays in filing and refiling the appeal.
The Supreme Court dismissed the Revenue’s SLP by following its earlier decision in connected matters. The dispute relating to advance sale of room nights and Holiday Scheme Surrender Value remained governed by settled precedent.
