Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Preventive suspension requires an immediate continuing threat and cannot become indefinite without inquiry, fresh evidence, or proportionate safeguard...
Bona fide plot purchasers whose bookings and registered sale deeds pre-dated liquidation were entitled to release of their plots, because the transactions were verified as genuine, there was no material showing dominant intention to prefer creditors, and the RBI prohibition order did not invalidate completed third-party conveyances. The Court treated them as similarly placed with purchasers who had already obtained final relief, rejected objections based on alleged lack of authorisation, demarcation, bank records and later layout cancellation, and directed handover of the plots. The review petition by the ex-management side was dismissed, as the applicant had no independent locus standi and the attempt was a proxy effort to reopen final winding-up orders concerning verified investor claims.
Bona fide plot purchasers whose bookings and registered sale deeds pre-dated liquidation were entitled to release of their plots, because the transactions were verified as genuine, there was no material showing dominant intention to prefer creditors, and the RBI prohibition order did not invalidate completed third-party conveyances. The Court treated them as similarly placed with purchasers who had already obtained final relief, rejected objections based on alleged lack of authorisation, demarcation, bank records and later layout cancellation, and directed handover of the plots. The review petition by the ex-management side was dismissed, as the applicant had no independent locus standi and the attempt was a proxy effort to reopen final winding-up orders concerning verified investor claims.
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