Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
HC held that Arbitral Tribunals have discretion to recall orders and condone delays upon showing "sufficient cause." Judicial interference in arbitral proceedings should be minimal, and the HC found no reason to interfere with the Tribunal's order condoning delay in filing Statement of Defence, as exercise of such discretion did not demonstrate perversity or bad faith. Petition dismissed.
HC held that Arbitral Tribunals have discretion to recall orders and condone delays upon showing "sufficient cause." Judicial interference in arbitral proceedings should be minimal, and the HC found no reason to interfere with the Tribunal's order condoning delay in filing Statement of Defence, as exercise of such discretion did not demonstrate perversity or bad faith. Petition dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
Join Channel 
