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...
Suit for declaration of title over property and recovery of possession. Registered gift deed dated 05.03.1983 was duly executed, transferring absolute title to plaintiff, despite revocation on 17.08.1987 as donor had not reserved revocation right. Suit filed on 25.09.1991, not barred by limitation. For declaration of title, limitation is 3 years under Article 58. However, for recovery of possession based on title, limitation is 12 years from date of defendant's adverse possession under Article 65. Suit sought both reliefs, so 12-year limitation applied. No error by lower courts in decreeing suit. SC dismissed appeal.
Suit for declaration of title over property and recovery of possession. Registered gift deed dated 05.03.1983 was duly executed, transferring absolute title to plaintiff, despite revocation on 17.08.1987 as donor had not reserved revocation right. Suit filed on 25.09.1991, not barred by limitation. For declaration of title, limitation is 3 years under Article 58. However, for recovery of possession based on title, limitation is 12 years from date of defendant's adverse possession under Article 65. Suit sought both reliefs, so 12-year limitation applied. No error by lower courts in decreeing suit. SC dismissed appeal.
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