Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Termination of a share purchase agreement required prominent disclosure under the LODR Regulations where the listed entity had conspicuously announced approval of the acquisition. Mentioning the termination only in small print within a note to unaudited financial results, rather than in the principal board-meeting communication, was treated as no disclosure because investors rely on information about financial position, proposed ventures and collaborations. The complaint-dismissal communication was set aside, and SEBI and the stock exchange were directed to re-examine the mandatory-disclosure issue and issue appropriate orders within four weeks.
Termination of a share purchase agreement required prominent disclosure under the LODR Regulations where the listed entity had conspicuously announced approval of the acquisition. Mentioning the termination only in small print within a note to unaudited financial results, rather than in the principal board-meeting communication, was treated as no disclosure because investors rely on information about financial position, proposed ventures and collaborations. The complaint-dismissal communication was set aside, and SEBI and the stock exchange were directed to re-examine the mandatory-disclosure issue and issue appropriate orders within four weeks.
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