Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
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A purchaser sought to set aside the sale certificate and compel the liquidator to cooperate in identifying and demarcating mortgaged land. The tribunal held that land survey/demarcation is a statutory function requiring technical expertise and must be undertaken only by competent authorities under the Kerala Survey and Boundaries Act, 1961; the liquidator has no power to perform or substitute such adjudicatory exercise affecting civil rights. As the property had already been surveyed at the liquidator's request by the competent authority and the purchaser had not pursued statutory remedies or appeals for any further survey, no repeat survey was warranted. The appeal was dismissed. - NCLAT
A purchaser sought to set aside the sale certificate and compel the liquidator to cooperate in identifying and demarcating mortgaged land. The tribunal held that land survey/demarcation is a statutory function requiring technical expertise and must be undertaken only by competent authorities under the Kerala Survey and Boundaries Act, 1961; the liquidator has no power to perform or substitute such adjudicatory exercise affecting civil rights. As the property had already been surveyed at the liquidator's request by the competent authority and the purchaser had not pursued statutory remedies or appeals for any further survey, no repeat survey was warranted. The appeal was dismissed. - NCLAT
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