Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
SC held that unregistered sale deeds cannot transfer property ownership under Section 54 of Transfer of Property Act, even with possession transfer and payment. The case involved multiple unregistered transfers of a secured asset, including basement portions. The court emphasized that conveyance occurs only upon deed registration per Section 17 of Registration Act. Additionally, the court reaffirmed that public auctions cannot be invalidated without proof of material irregularity, illegality, fraud, or collusion. The SC overturned the HC's order, confirming that ownership remains with the original holder until proper registration, regardless of attempted transfers through unregistered documents. The appeal was allowed, upholding the validity of the bank's auction process.
SC held that unregistered sale deeds cannot transfer property ownership under Section 54 of Transfer of Property Act, even with possession transfer and payment. The case involved multiple unregistered transfers of a secured asset, including basement portions. The court emphasized that conveyance occurs only upon deed registration per Section 17 of Registration Act. Additionally, the court reaffirmed that public auctions cannot be invalidated without proof of material irregularity, illegality, fraud, or collusion. The SC overturned the HC's order, confirming that ownership remains with the original holder until proper registration, regardless of attempted transfers through unregistered documents. The appeal was allowed, upholding the validity of the bank's auction process.
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