The Income Tax Appellate Tribunal Chandigarh held that merely claiming funds belong to a Hindu Undivided Family is insufficient without documentary proof of their source, holding, and transfer, in a case involving Rs 50 lakh life insurance purchased from alleged agricultural income.
The Chhattisgarh High Court delivered a significant judgment on writ petitions, partially granting them and quashing orders that had blacklisted multiple construction companies for three years. The High Court ruled that , Blacklisting Order Must Meet The Standards Of Fairness, Proportionality, And A Properly Reasoned Order
The National Company Law Appellate Tribunal (NCLAT) dismissed Jindal Poly Films Limited’s appeal challenging the National Company Law Tribunal (NCLT) order admitting a shareholder class action petition and directing issuance of public notice under the Companies Act, 2013, affirming continuation of class action proceedings.
