Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
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Rejection of bid - requirement of uploading annual turnover certificate issued by the Chartered Accountant for the last five financial years bearing UDIN of Institute of Chartered Accountants of India (ICAI) - The Court found that the stipulation for submitting a five-year annual turnover certificate with UDIN by Chartered Accountants was mandatory. The absence of UDIN was grounds for rejection, and this requirement was repeatedly emphasized in the tender documents. - The Court criticized the Technical Evaluation Committee's reconsideration favoring Respondent No. 5 as unfair, arbitrary, and biased. It noted that the Committee's reliance on documents not meeting the UDIN requirement was illegal and overlooked the mandatory nature of the tender conditions.
Rejection of bid - requirement of uploading annual turnover certificate issued by the Chartered Accountant for the last five financial years bearing UDIN of Institute of Chartered Accountants of India (ICAI) - The Court found that the stipulation for submitting a five-year annual turnover certificate with UDIN by Chartered Accountants was mandatory. The absence of UDIN was grounds for rejection, and this requirement was repeatedly emphasized in the tender documents. - The Court criticized the Technical Evaluation Committee's reconsideration favoring Respondent No. 5 as unfair, arbitrary, and biased. It noted that the Committee's reliance on documents not meeting the UDIN requirement was illegal and overlooked the mandatory nature of the tender conditions.
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