Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
NCLAT dismissed the appeal, holding that an unregistered agreement for sale cannot create legal rights in immovable property under Section 49 of the Registration Act, 1908. The appellant's claims for property tax reimbursement and other expenses were rejected due to lack of valid documentary evidence and failure to establish a legally enforceable right. The tribunal emphasized that without a registered sale deed, no debt could be recognized under the Insolvency and Bankruptcy Code, 2016, rendering the claims unsustainable and inadmissible.
NCLAT dismissed the appeal, holding that an unregistered agreement for sale cannot create legal rights in immovable property under Section 49 of the Registration Act, 1908. The appellant's claims for property tax reimbursement and other expenses were rejected due to lack of valid documentary evidence and failure to establish a legally enforceable right. The tribunal emphasized that without a registered sale deed, no debt could be recognized under the Insolvency and Bankruptcy Code, 2016, rendering the claims unsustainable and inadmissible.
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