NPCI-based bank account validation for IEC applications and modifications enables real-time validation; incorrect details block submission or trigger ...
Creation/Invocation of pledge of securities through depository system: standardized pledge forms, notice requirement and invocation notifications to p...
Calendar Spread margin benefit for Single Stock Derivatives suspended on expiry day for expiring contracts; exchanges must implement systems and rule ...
Proportionate interest, unexplained credits and partner remuneration disputed; proofs of fund nexus and lender identity were decisive and disallowance...
Capital gains valuation from stamp assessment versus net consideration for residential reinvestment: deemed stamp value replaced for gains but not for...
Requirement that an appeal be accompanied by the prescribed fee is a mandatory statutory condition, but where the substantive payment was made within time and only documentary proof (challan) was not produced, that omission is a curable procedural defect; compliance in substance satisfies the statutory requirement and dismissal for non-furnishing of proof without adjudication on merits is inappropriate. The note emphasises that procedural prescriptions serve justice and should not defeat substantive rights, and that issues on denial of exemption under section 11 and Form 10B versus Form 10BB remain unexamined and require adjudication on merits.
Requirement that an appeal be accompanied by the prescribed fee is a mandatory statutory condition, but where the substantive payment was made within time and only documentary proof (challan) was not produced, that omission is a curable procedural defect; compliance in substance satisfies the statutory requirement and dismissal for non-furnishing of proof without adjudication on merits is inappropriate. The note emphasises that procedural prescriptions serve justice and should not defeat substantive rights, and that issues on denial of exemption under section 11 and Form 10B versus Form 10BB remain unexamined and require adjudication on merits.
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