Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Nominee director protection shields independent financial-institution appointees from criminal liability where they lack involvement in deposit defaul...
Review jurisdiction permits reliance on newly discovered evidence only where, despite due diligence, it was neither known nor capable of earlier production. Publicly available sale deeds and a Tribunal order did not meet that condition because they were accessible during the original proceedings and no due diligence was demonstrated. Seeking to reassess the factual explanation for an unexplained bank credit would amount to an impermissible rehearing rather than correction of an error apparent on the record. The review application was therefore dismissed.
Review jurisdiction permits reliance on newly discovered evidence only where, despite due diligence, it was neither known nor capable of earlier production. Publicly available sale deeds and a Tribunal order did not meet that condition because they were accessible during the original proceedings and no due diligence was demonstrated. Seeking to reassess the factual explanation for an unexplained bank credit would amount to an impermissible rehearing rather than correction of an error apparent on the record. The review application was therefore dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4878 
