Capital Gain Deductibility: proportionate IPO and PMS expenses held allowable against capital gains where netting and nexus to transfer are establishe...
Admissibility of Documentary Evidence: appellate authority may admit self explanatory documents on first production and uphold deletion of unexplained...
Interim protection was confined to preserving the project land and related rights while the Company Petition under oppression and mismanagement allegations remains pending; the Court directed continuation of existing interim arrangements and status quo to prevent alteration of the property or creation of further third party interests, and expressly left all merits open for the competent forum. The Court also directed the trial tribunal to proceed expeditiously with the Company Petition and endeavour to decide the matter promptly, without addressing substantive merits itself.
Interim protection was confined to preserving the project land and related rights while the Company Petition under oppression and mismanagement allegations remains pending; the Court directed continuation of existing interim arrangements and status quo to prevent alteration of the property or creation of further third party interests, and expressly left all merits open for the competent forum. The Court also directed the trial tribunal to proceed expeditiously with the Company Petition and endeavour to decide the matter promptly, without addressing substantive merits itself.
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