Pre-trial bail granted where custodial period, documentary prosecution, and magistrate-triable offence favor release subject to surety and no witness ...
Allowability of Salary Exemptions: Form 16 entries can substantiate HRA and other salary exemptions, and home loan interest is deductible for a self-o...
Capital gains exemption: payment for plot, architect fees and bona fide commencement of construction can satisfy utilisation requirement and secure re...
The note addresses threshold applicability in insolvency petitions, concluding the claimed default date fell outside the temporal provision and therefore the petition could not seek relief under that threshold; this legal point determined maintainability. It also affirms recoverability of contractual interest where invoices and purchase orders expressly provided for post due interest and the statement of account recorded invoice dates, numbers, due dates and interest, making the claimed sums evidentially supported. The article records that the appellate review found no illegality in the impugned order and dismissed the appeal for lack of merit.
The note addresses threshold applicability in insolvency petitions, concluding the claimed default date fell outside the temporal provision and therefore the petition could not seek relief under that threshold; this legal point determined maintainability. It also affirms recoverability of contractual interest where invoices and purchase orders expressly provided for post due interest and the statement of account recorded invoice dates, numbers, due dates and interest, making the claimed sums evidentially supported. The article records that the appellate review found no illegality in the impugned order and dismissed the appeal for lack of merit.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
