Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
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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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