Capital Gain Deductibility: proportionate IPO and PMS expenses held allowable against capital gains where netting and nexus to transfer are establishe...
Admissibility of Documentary Evidence: appellate authority may admit self explanatory documents on first production and uphold deletion of unexplained...
In a cheque dishonour complaint, the HC held that a disputed receipt could not be treated as inconsequential where the complainant totally denied his signatures and handwriting; forensic comparison was necessary to test the defence and aid fair adjudication. The trial court's refusal to send the document, along with admitted writings and signatures of the complainant, for FSL examination was set aside, the application was allowed, and further proceedings were stayed pending the report.
In a cheque dishonour complaint, the HC held that a disputed receipt could not be treated as inconsequential where the complainant totally denied his signatures and handwriting; forensic comparison was necessary to test the defence and aid fair adjudication. The trial court's refusal to send the document, along with admitted writings and signatures of the complainant, for FSL examination was set aside, the application was allowed, and further proceedings were stayed pending the report.
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