Interactive flat panels meeting automatic data processing conditions are distinguished from monitors, while later classification clarifications apply ...
Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
Furnishing Form No. 10B for a charitable trust is procedural and directory; a one-day delay cannot by itself defeat exemption under section 11 when substantive statutory conditions are met. ITAT treated denial of the exemption solely on account of the delayed audit report as unsustainable and directed that the claimed exemption be granted, subject to fulfilment of the remaining substantive conditions. The appeal was allowed.
Furnishing Form No. 10B for a charitable trust is procedural and directory; a one-day delay cannot by itself defeat exemption under section 11 when substantive statutory conditions are met. ITAT treated denial of the exemption solely on account of the delayed audit report as unsustainable and directed that the claimed exemption be granted, subject to fulfilment of the remaining substantive conditions. The appeal was allowed.
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