Compromise-and-arrangement extensions may accommodate debt assignment where creditor commercial judgment supports value maximisation and avoids proced...
Delayed-payment surcharge is not taxable tolerance consideration where it penalises default, while meter testing follows electricity distribution trea...
Sufficient cause for delayed revenue income-tax appeals requires bona fides, due diligence and a credible explanation; otherwise limitation bars appea...
Inverted-duty-structure refunds remain available for unchanged-rate apparel supplies despite trader status and require tax-period-specific computation...
Foundational assessment satisfaction is essential before initiating penalty for cash receipt of immovable-property sale consideration under section 27...
Clean-hands requirements in PIL jurisdiction require complete disclosure of earlier similar proceedings to prevent parallel litigation and conflicting adjudication. Failure to disclose a pending writ petition seeking substantially overlapping relief concerning NSE shareholding and beneficial ownership was treated as suppression of material facts, forum shopping and abuse of process. The High Court dismissed the PIL at the threshold without examining divestment allegations and imposed exemplary costs, as the conduct disentitled the petitioner to equitable and extraordinary relief irrespective of the underlying merits.
Clean-hands requirements in PIL jurisdiction require complete disclosure of earlier similar proceedings to prevent parallel litigation and conflicting adjudication. Failure to disclose a pending writ petition seeking substantially overlapping relief concerning NSE shareholding and beneficial ownership was treated as suppression of material facts, forum shopping and abuse of process. The High Court dismissed the PIL at the threshold without examining divestment allegations and imposed exemplary costs, as the conduct disentitled the petitioner to equitable and extraordinary relief irrespective of the underlying merits.
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TaxTMI 
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