Discounted cash flow valuation protects share premium where projections are reasonable, while audited book expenses defeat unexplained-expenditure add...
Section 54 construction relief survives pre-transfer commencement when completion occurs within the statutory period, excluding ineligible spouse-owne...
Fraud classification show-cause notices founded on inconclusive forensic audit material cannot sustain action, permitting fresh proceedings on conclus...
HC dismissed multiple writ petitions challenging customs license rejection and cancellation orders. The court held that since the Customs Act, 1962 provides an adequate statutory remedy through appeals, the writ petitions under Article 226 were not maintainable. The court referenced precedents emphasizing that when a specific statutory appeal mechanism exists, judicial review through writ jurisdiction is inappropriate. Consequently, all petitions were dismissed, with petitioners directed to utilize statutory appeal mechanisms if adverse orders are passed.
HC dismissed multiple writ petitions challenging customs license rejection and cancellation orders. The court held that since the Customs Act, 1962 provides an adequate statutory remedy through appeals, the writ petitions under Article 226 were not maintainable. The court referenced precedents emphasizing that when a specific statutory appeal mechanism exists, judicial review through writ jurisdiction is inappropriate. Consequently, all petitions were dismissed, with petitioners directed to utilize statutory appeal mechanisms if adverse orders are passed.
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