Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
SC held that Respondent No. 1 breached multiple contractual obligations in the allotment agreement, including failure to secure statutory approvals and execute sub-lease documents. The court ordered Respondent No. 1 to refund Rs. 28,11,31,939 to the Appellant. However, due to the Appellant's questionable conduct and violation of the "clean hands" doctrine, the court denied any additional interest on the refunded amount. The impugned High Court judgment was set aside, and the appeal was disposed of, with Respondent No. 1 directed to refund the first installment without interest.
SC held that Respondent No. 1 breached multiple contractual obligations in the allotment agreement, including failure to secure statutory approvals and execute sub-lease documents. The court ordered Respondent No. 1 to refund Rs. 28,11,31,939 to the Appellant. However, due to the Appellant's questionable conduct and violation of the "clean hands" doctrine, the court denied any additional interest on the refunded amount. The impugned High Court judgment was set aside, and the appeal was disposed of, with Respondent No. 1 directed to refund the first installment without interest.
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