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...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Insolvency and BankruptcyAugust 1, 2019Case LawsAT
Liquidation of Corporate debtor - time limitation - exclusion of time taken by Tribunal to decide to how the voting share of thousands of Allottees will be counted - the period from the date of application filed by the Association till the final decision can be excluded for the purpose of counting the 270 days but in interest of the Allottees not inclined to exclude total period and directed to exclude 90 days for counting the period of 270 days of ‘CIRP’
Liquidation of Corporate debtor - time limitation - exclusion of time taken by Tribunal to decide to how the voting share of thousands of Allottees will be counted - the period from the date of application filed by the Association till the final decision can be excluded for the purpose of counting the 270 days but in interest of the Allottees not inclined to exclude total period and directed to exclude 90 days for counting the period of 270 days of ‘CIRP’
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