Arrest safeguards and transit remand requirements invalidated detention following inter-State transfer without communicated grounds or magistrate auth...
Arrest safeguards require disclosed grounds, relative intimation and transit remand, while duplicate prosecution under the CGST framework is unsustain...
Document Identification Number defects can invalidate GST assessments, with delayed challenges entertained conditionally where patent irregularities e...
Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
Page of 4786
Press 'Enter' after typing page number.
461 to 480 of 95715 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Private commercial transactions involving acquisition of shares in a life insurance company were challenged on allegations of fraudulent acts and undue profits. The court held that where a field is regulated and the regulator has addressed or is investigating the transaction, the court should not interfere in writ jurisdiction and allow the regulator to perform its duties. Writ of Mandamus cannot be used for enforcement of private contracts. Examining commercial transactions for reasonableness under Article 226 should be avoided as it would subject every valuation, sale, purchase, merger, acquisition, or demerger to judicial review. If criminality is alleged, appropriate proceedings can be filed. The court found no ground to implead the SEBI Chairperson despite allegations of past professional relationship with a party, as regulators must decide matters per law. Since shareholders approved the transactions and sectoral regulators SEBI and RBI are seized of the matter, the court should not act as a 'super regulator' under Article 226. SEBI and RBI were directed to complete the investigation expeditiously and take further action per law. The rights and contentions of all parties, including the petitioner's locus standi, were left open.
Private commercial transactions involving acquisition of shares in a life insurance company were challenged on allegations of fraudulent acts and undue profits. The court held that where a field is regulated and the regulator has addressed or is investigating the transaction, the court should not interfere in writ jurisdiction and allow the regulator to perform its duties. Writ of Mandamus cannot be used for enforcement of private contracts. Examining commercial transactions for reasonableness under Article 226 should be avoided as it would subject every valuation, sale, purchase, merger, acquisition, or demerger to judicial review. If criminality is alleged, appropriate proceedings can be filed. The court found no ground to implead the SEBI Chairperson despite allegations of past professional relationship with a party, as regulators must decide matters per law. Since shareholders approved the transactions and sectoral regulators SEBI and RBI are seized of the matter, the court should not act as a 'super regulator' under Article 226. SEBI and RBI were directed to complete the investigation expeditiously and take further action per law. The rights and contentions of all parties, including the petitioner's locus standi, were left open.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4786
Join Channel
TaxTMI 
