Dependent Agent PE unresolved for lack of factual inquiry; arm's-length distribution accepted; royalty claim rejected; 15% refund interest (Section 24...
Exemption under s.10(23C)(iiiad) upheld; appeal allowed, interest and dividends excluded from annual receipts, disallowance deleted, capital gains exe...
The HC dismissed the writ petition, holding that the protective assessment of gold was validly completed in the name of the petitioner's husband and that a prior Division Bench decision of the HC has conclusively upheld that assessment. The court found the issue of ownership and entitlement to the gold to be finally adjudicated and therefore not open to relitigation by the petitioner; the petitioner lacks legal competence to assert a competing claim to assets already adjudged to belong to the husband. Consequently the protective assessment remains sustainable, the challenge is devoid of merit, and the petition is dismissed.
The HC dismissed the writ petition, holding that the protective assessment of gold was validly completed in the name of the petitioner's husband and that a prior Division Bench decision of the HC has conclusively upheld that assessment. The court found the issue of ownership and entitlement to the gold to be finally adjudicated and therefore not open to relitigation by the petitioner; the petitioner lacks legal competence to assert a competing claim to assets already adjudged to belong to the husband. Consequently the protective assessment remains sustainable, the challenge is devoid of merit, and the petition is dismissed.
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