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...
Section 29A(5) applications to extend an arbitrator's mandate are maintainable even after the statutory eighteenmonth mandate has expired and even if an award was rendered after expiry; such postexpiry awards are unenforceable under Section 36 and need not be challenged under Section 34. The Court retains discretionary power to grant extensions only after scrutiny, and may impose conditions including substitution of arbitrators, reduction of arbitrator fees, and costs to correct misconduct. If extended, the tribunal will resume proceedings from the point of interruption. Courts must dispose of Section 29A(9) applications expeditiously (60 days).
Section 29A(5) applications to extend an arbitrator's mandate are maintainable even after the statutory eighteenmonth mandate has expired and even if an award was rendered after expiry; such postexpiry awards are unenforceable under Section 36 and need not be challenged under Section 34. The Court retains discretionary power to grant extensions only after scrutiny, and may impose conditions including substitution of arbitrators, reduction of arbitrator fees, and costs to correct misconduct. If extended, the tribunal will resume proceedings from the point of interruption. Courts must dispose of Section 29A(9) applications expeditiously (60 days).
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