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...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
