Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
The Court held that the petitioner was ready and willing to perform the contract u/s 16(c) of the Specific Relief Act, having paid a substantial portion of the consideration. It was a fit case for directing specific performance u/ss 10 and 16, as compensation in money would not afford adequate relief for breach of contract to transfer immovable property. The doctrine of lis pendens u/s 52 of the Transfer of Property Act bars transfer of suit property during pendency of litigation, except under court's authority. Pendency commences from the date of institution until disposal, and the doctrine applies to third-party purchasers once the suit is instituted. The Court recalled its earlier judgment due to errors apparent on the face of record regarding limitation and specific performance, and restored the High Court's judgment, allowing the review petitions.
The Court held that the petitioner was ready and willing to perform the contract u/s 16(c) of the Specific Relief Act, having paid a substantial portion of the consideration. It was a fit case for directing specific performance u/ss 10 and 16, as compensation in money would not afford adequate relief for breach of contract to transfer immovable property. The doctrine of lis pendens u/s 52 of the Transfer of Property Act bars transfer of suit property during pendency of litigation, except under court's authority. Pendency commences from the date of institution until disposal, and the doctrine applies to third-party purchasers once the suit is instituted. The Court recalled its earlier judgment due to errors apparent on the face of record regarding limitation and specific performance, and restored the High Court's judgment, allowing the review petitions.
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