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The Supreme Court has recently reiterated that taxpayers cannot use revision proceedings to introduce fresh claims based on facts that were never placed before the Assessing Officer, bypassing the...
The ruling leaves intact the relief granted to bondholders by the High Court, which found that the bank’s Administrator lacked the authority to take the decision after the reconstruction scheme had come into force.
The Supreme Court recently dismissed appeals by DCB Bank and UBS Management Services regarding a forensic audit. This audit pertains to transactions linked to Fortis Healthcare and its former promoters. The audit was initially ordered by the Delhi High Court on August 31. The court emphasized that the audit was not a…