Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
Customs valuation must use comparable contemporary imports, while confiscation fines and penalties require proportionate recalculation on reassessed v...
Depositor-protection proceedings prevail over corporate insolvency, while liquidators may recover chit receivables using copies of seized company reco...
Finality of an eviction decree between landlord and tenant barred the corporate debtor from disputing the appellant's ownership in CIRP, because the lease had expired and the eviction decree had attained finality up to the Supreme Court. A status quo order in separate land-vesting proceedings, passed only between the appellant and the State, did not revive any possession right for a non-party occupier. Only ownership or a subsisting enforceable right can bring property within insolvency control; unlawful occupation after lease expiry is not an asset of the corporate debtor. The property was excluded from CIRP, consequential actions were treated as non-est, and the appellant was left to pursue possession and mesne profits.
Finality of an eviction decree between landlord and tenant barred the corporate debtor from disputing the appellant's ownership in CIRP, because the lease had expired and the eviction decree had attained finality up to the Supreme Court. A status quo order in separate land-vesting proceedings, passed only between the appellant and the State, did not revive any possession right for a non-party occupier. Only ownership or a subsisting enforceable right can bring property within insolvency control; unlawful occupation after lease expiry is not an asset of the corporate debtor. The property was excluded from CIRP, consequential actions were treated as non-est, and the appellant was left to pursue possession and mesne profits.
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