Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Lease Agreement - Transfer of Property - Appellant argued that the clause in the lease agreement only applies to voluntary transfers, not to mergers or amalgamations - The Supreme Court interpreted the clause in the lease agreement broadly, finding that it covers both voluntary and involuntary transfers, including mergers. It noted that the clause's language did not exclude involuntary transfers, and thus, the amalgamation fell within its purview. - The Court affirmed that the amalgamation, despite being governed by company law, resulted in a transfer of properties from the transferor to the transferee company. - Thus, the dispute concerning the interpretation of the lease agreement clause in the context of the company amalgamation was resolved in favor of the DDA.
Lease Agreement - Transfer of Property - Appellant argued that the clause in the lease agreement only applies to voluntary transfers, not to mergers or amalgamations - The Supreme Court interpreted the clause in the lease agreement broadly, finding that it covers both voluntary and involuntary transfers, including mergers. It noted that the clause's language did not exclude involuntary transfers, and thus, the amalgamation fell within its purview. - The Court affirmed that the amalgamation, despite being governed by company law, resulted in a transfer of properties from the transferor to the transferee company. - Thus, the dispute concerning the interpretation of the lease agreement clause in the context of the company amalgamation was resolved in favor of the DDA.
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