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...
SC dismissed the appeal due to non-compliance with statutory time limitations under Section 61 of IBC. The appellant failed to file certified copies and demonstrate sufficient cause for delay within the prescribed 30-day period extendable by 15 days. The court strictly interpreted procedural rules, emphasizing that legislative intent mandates adherence to limitation periods. The appellate tribunal's rejection of condonation applications was justified, as no compelling reasons were presented to explain the delay in filing the appeal. Consequently, the appeal was dismissed, reinforcing the statutory requirement for timely legal proceedings.
SC dismissed the appeal due to non-compliance with statutory time limitations under Section 61 of IBC. The appellant failed to file certified copies and demonstrate sufficient cause for delay within the prescribed 30-day period extendable by 15 days. The court strictly interpreted procedural rules, emphasizing that legislative intent mandates adherence to limitation periods. The appellate tribunal's rejection of condonation applications was justified, as no compelling reasons were presented to explain the delay in filing the appeal. Consequently, the appeal was dismissed, reinforcing the statutory requirement for timely legal proceedings.
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