The Tribunal rejected estimated additions based on alleged circular trading due to lack of seized material or cash trail. The key takeaway is that suspicion and presumptions cannot replace evidence in ...

Appeals were dismissed earlier as time-barred despite sustained efforts by the assessee through grievances. The Tribunal ruled that absence of negligence and bona fide conduct warranted condonation of ...

The draft norms link dividend payouts by Payment Banks to their Tier 1 capital ratios and overall capital adequacy. Only well-capitalised banks with sustainable profits can distribute dividends, ...

This explains the legal framework governing insolvency filings before the NCLT. The key takeaway is that strict procedural compliance and proof of default are critical for ...