Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Division of shares among the deceased's children - Interpretation of will - To be treated as part of her "movable properties" or not - The High Court upheld the CLB's interpretation that the shares in question fell within the purview of "movable properties" bequeathed by the will. The court observed that despite the absence of explicit mention of the shares, the will's intention to equally distribute all movable and immovable properties among the deceased's children was clear. - The court found the allotment of additional shares in the appellant companies to one of the children (represented by the appellants) to be done without proper authority, violating the provisions of the Companies Act. It deemed the CLB's decision to cancel this allotment as justified.
Division of shares among the deceased's children - Interpretation of will - To be treated as part of her "movable properties" or not - The High Court upheld the CLB's interpretation that the shares in question fell within the purview of "movable properties" bequeathed by the will. The court observed that despite the absence of explicit mention of the shares, the will's intention to equally distribute all movable and immovable properties among the deceased's children was clear. - The court found the allotment of additional shares in the appellant companies to one of the children (represented by the appellants) to be done without proper authority, violating the provisions of the Companies Act. It deemed the CLB's decision to cancel this allotment as justified.
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