Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
The dominant issue was whether the CLB had jurisdiction to condone a 249-day delay in an appeal under s.58(3) of the Companies Act, 2013, including whether s.433 (enabling application of the Limitation Act, 1963) could apply retrospectively to CLB proceedings. The Court held that, during the interregnum before 01.06.2016, the statute did not empower the CLB to apply s.5 of the Limitation Act, and its limited "court-like" status and procedural regulations could not be expanded into a power to extend statutory limitation. Section 58(3) was construed as mandatory; the High Court's affirmance was set aside and the appeal allowed. - SC
The dominant issue was whether the CLB had jurisdiction to condone a 249-day delay in an appeal under s.58(3) of the Companies Act, 2013, including whether s.433 (enabling application of the Limitation Act, 1963) could apply retrospectively to CLB proceedings. The Court held that, during the interregnum before 01.06.2016, the statute did not empower the CLB to apply s.5 of the Limitation Act, and its limited "court-like" status and procedural regulations could not be expanded into a power to extend statutory limitation. Section 58(3) was construed as mandatory; the High Court's affirmance was set aside and the appeal allowed. - SC
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