Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
SC held that the impugned judgment is set aside and the appeal is allowed; the plaintiff's suit for possession, mesne profits, declaration and mandatory injunction is dismissed. The court ruled the Agreement to Sell, GPA, receipt and registered will did not confer proprietary title: an agreement for sale is not a deed of conveyance under Section 54 TP Act and at best entitles the transferee to seek specific performance. The registered will was not properly proved and cannot operate to vest title. The claimant cannot invoke Section 53A TP Act because there was no possession at suit filing. Rights of class-I heirs are preserved and parties may pursue statutory shares accordingly.
SC held that the impugned judgment is set aside and the appeal is allowed; the plaintiff's suit for possession, mesne profits, declaration and mandatory injunction is dismissed. The court ruled the Agreement to Sell, GPA, receipt and registered will did not confer proprietary title: an agreement for sale is not a deed of conveyance under Section 54 TP Act and at best entitles the transferee to seek specific performance. The registered will was not properly proved and cannot operate to vest title. The claimant cannot invoke Section 53A TP Act because there was no possession at suit filing. Rights of class-I heirs are preserved and parties may pursue statutory shares accordingly.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4786
Join Channel
TaxTMI 
