Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Authority to appoint a third party developer for completion of predominantly completed residential projects is sustained where protection of home buyers is the predominant consideration; the appellate tribunal's direction to bring in a government entity for completion is not found unfair or contrary to insolvency law and is upheld with specified modifications. Use of the court's equitable remedial power to ensure completion and orderly distribution is endorsed, permitting surplus distribution to other claimants by pari passu or other fair mechanisms. Interim injunctions that would impede the court approved completion mechanism are prohibited; the appeals are dismissed accordingly.
Authority to appoint a third party developer for completion of predominantly completed residential projects is sustained where protection of home buyers is the predominant consideration; the appellate tribunal's direction to bring in a government entity for completion is not found unfair or contrary to insolvency law and is upheld with specified modifications. Use of the court's equitable remedial power to ensure completion and orderly distribution is endorsed, permitting surplus distribution to other claimants by pari passu or other fair mechanisms. Interim injunctions that would impede the court approved completion mechanism are prohibited; the appeals are dismissed accordingly.
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