Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    Gold and Silver Import Regulations Updated: 13...     TaxTMI    Government Clarifies Tax Treatment for Co-Insurance...     TaxTMI    Procedural Flaws Invalidate GST Tax Order, Restore...     TaxTMI    GST Registration Cancellation Upheld: Failure to...     TaxTMI    Contractual Delay Penalties Upheld: Liquidated...     TaxTMI    Tax Liability After Death: Section 93 Requires...     TaxTMI    Late Fee Clarification for GSTR-9C: Mandatory...     TaxTMI    Tax Officials Arrested for Alleged Bribery and...     TaxTMI    Govt Amends PMLA to Empower Indian Cyber Crime...     TaxTMI    Tax Exemption for Mysore Palace Board Under Section...     TaxTMI    Travelers Can Carry Limited Agarwood Products...     TaxTMI    Interim Relief Granted: Tax Notifications...     TaxTMI    Legal Proceedings Against Deceased Person...     TaxTMI    Legal Challenge Succeeds: GST Seizure Invalidated...     TaxTMI    Ex Parte Tax Assessment Invalidated: Procedural...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Companies Law - Highlights / Catch Notes

Home Highlights May 2024 Year 2024 This

Disqualification from participating in the tender - The High ...


Supreme Court emphasizes importance of explanatory notes in Balance Sheet, overturning disqualification ruling on tender compliance.

May 7, 2024

Case Laws     Companies Law     SC

Disqualification from participating in the tender - The High Court held that in the absence of a specific clause in the tender document mandating such compliance, the disqualification was incorrect. The Supreme Court disagreed with the High Court's reasoning, citing the importance of explanatory notes as integral parts of the Balance Sheet according to Section 134(7) of the Companies Act.

View Source

 

← Previous Next →

 

You may also like:

  1. CIRP - Application filed u/s 7 of IBC dismissed on the ground of time limitation - After perusing the relevant balance sheets and director’s report, it is satisfied that...

  2. Budget 2019-20 + FINANCE (No. 2) BILL, 2019 with Focused Areas i.e Explanatory Notes

  3. Explanatory Notes to the Provisions of the Finance Act, 2018

  4. Explanatory Notes to the Provisions of the Finance Act, 2017 - Circular

  5. EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE (No.2) ACT, 2014 - Circular

  6. The NCLAT dismissed a Section 7 application by a Financial Creditor as time-barred. While acknowledging that balance sheet entries can extend limitation periods under...

  7. The Appellant challenged the admission of the Section 7 application filed by the Financial Creditor, contending no debt was due as the application was premature. The...

  8. Scope of discloser of information under RTI - The specific note sheet that has been sought by the RTI Applicant is the note sheet relating to initiation of anti-dumping...

  9. Reversal of CENVAT Credit - creation of provisions in the balance sheet for the old and slow-moving inputs - On perusal of the balance sheet, it can be seen that the...

  10. Maintainability of application - initiation of CIRP - Period of limitation after default - the Adjudicating Authority relied on the balance sheet to hold that there was...

  11. Addition u/s 56(2)(vii)(c) - determination of FMV of shares - drawing up a balance sheet as on valuation date or previous audited balance sheet is to be taken as the...

  12. Addition on account of balance-sheet difference - difference crept out of the balance-sheet item does not result as understatement of income.- AT

  13. Demand based on reconciliation of ST returns with the balance sheet - stay granted - AT

  14. Examination of Balance Sheets by RoCs - Circular

  15. Calculation of Tax Liability based on subsequent year's Balance Sheet - non-service of SCN - Obligation to monitor GST Portal - The High Court found merit in the...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
F: TCS in GST u/s 52
F: Incorrect Export Sales Reporting: Taxpayers Must Amend GSTR-1, Match S...
F: Legal Experts Debate Procedural Viability of GST Appeal After Limitati...
H: SEBI Revamps Cybersecurity Framework with New Classification Criteria ...
H: New CBIC Transhipment Air Global Bond Allows Nationwide Registration f...
H: Government Revokes Import Duty Exemptions Under Section 25(1) of Custo...
H: Customs Notifications Updated: Finance Act 2025 Revises Tariff Codes f...
H: New Income Tax Rules 2025 Simplify Return Filing for Individuals and H...
T: Foreign Investors Get Tax Relief: Simplified 10% Rate for Interest, Di...
H: GST Notifications on COVID-19 Deadline Extensions Challenged, Provisio...
A: GST Appeals: Key Filing Guidelines for Taxpayers Navigating Tribunal P...
A: LLP Corrects Annual Return Filing Errors: Identify, Revise, Submit, an...
A: Comprehensive Guide: Protecting Intellectual Property Rights Through S...
A: Navigating India's Trademark Registration: 7 Essential Steps from Sear...
A: Legal Shield for Regional Products: Geographical Indication Protects U...
A: Inventors Gain Exclusive Rights: Patent Protection Ensures Innovation ...
A: Customs Act Empowers Businesses to Strategically Re-Export Goods with ...
A: Importers and Exporters: Navigate Customs Duty Refunds Under Section 2...
A: Imported Goods Can Stay in Approved Warehouses for Two Years, Subject ...
A: Government Controls Trade Flow: Notified vs. Specified Goods Define Im...
H: Tax Order Quashed: Procedural Flaws Invalidate Original Decision, Mand...
H: GST Recovery Order Invalidated Due to Violation of Natural Justice Pri...
H: Creditors Cannot Raise New Claims After NCLT Resolution Plan Approval,...
H: Tax Fraud Case: Anticipatory Bail Denied Due to Systematic Invoice Man...
H: Property Dispute Resolution: Income Tax Act Sections 269-UN and 293 Do...
H: Reassessment Notice Invalidated: Statutory Time Limit Breach Renders T...
H: Property Title Clearance Costs Deemed Integral to Asset Transfer Under...
H: Cash Deposits During Demonetization: Systematic Accounting Records Shi...
H: Cash Donation to Charitable Organization Validated Under Section 80G, ...
F: GST Input Service Distributor Cannot Claim Tax Credit on Internal Good...