Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
The SC set aside both the original bail order and subsequent modification order due to the petitioner's contradictory conduct regarding a Rs. 50,00,000 deposit condition. The petitioner initially offered the monetary deposit through counsel, secured bail modification allowing payment post-release, then repudiated the offer claiming counsel lacked authority and the condition was onerous. The Court held that while excessive bail constitutes no bail and onerous conditions should be avoided, parties cannot "approbate and reprobate" or manipulate judicial proceedings. The matter was remitted to the High Court for fresh consideration on merits. Despite the petitioner's conduct warranting re-incarceration, limited interim protection from surrender was granted. The Chief Justice of Madras HC was directed to place the matter before appropriate court by 30.06.2025. SLP disposed.
The SC set aside both the original bail order and subsequent modification order due to the petitioner's contradictory conduct regarding a Rs. 50,00,000 deposit condition. The petitioner initially offered the monetary deposit through counsel, secured bail modification allowing payment post-release, then repudiated the offer claiming counsel lacked authority and the condition was onerous. The Court held that while excessive bail constitutes no bail and onerous conditions should be avoided, parties cannot "approbate and reprobate" or manipulate judicial proceedings. The matter was remitted to the High Court for fresh consideration on merits. Despite the petitioner's conduct warranting re-incarceration, limited interim protection from surrender was granted. The Chief Justice of Madras HC was directed to place the matter before appropriate court by 30.06.2025. SLP disposed.
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