Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
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 4792
Join Channel
TaxTMI 
