Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
HC found the writ petition maintainable, quashing the sale certificate and declaring it null and void. The court ordered respondent No. 1 to refund Rs. 9,93,752.94 with 12% interest, foreclose the loan account, and remove the freeze on the petitioner's savings account. Additionally, the court directed RBI to investigate respondent No. 1's actions, imposed Rs. 5,00,000 compensation, and emphasized the critical importance of due diligence in auction sales, highlighting the bank's failure to disclose property encumbrances and conduct proper verification before sale.
HC found the writ petition maintainable, quashing the sale certificate and declaring it null and void. The court ordered respondent No. 1 to refund Rs. 9,93,752.94 with 12% interest, foreclose the loan account, and remove the freeze on the petitioner's savings account. Additionally, the court directed RBI to investigate respondent No. 1's actions, imposed Rs. 5,00,000 compensation, and emphasized the critical importance of due diligence in auction sales, highlighting the bank's failure to disclose property encumbrances and conduct proper verification before sale.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
