Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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The Registrar lacks power under the Registration Act to cancel already registered sale deeds; cancellation is a substantive remedy for civil adjudication and cannot be achieved by summary administrative orders except where fraud is manifest on the face of the record. Section 68(2) confers supervisory control over sub-registrars and rectification of registration records but does not authorize annulment of instruments. Administrative nullification during pending civil proceedings usurps the civil forum and was held impermissible; the writ was set aside and the intra-court appeal allowed. The court applied established SC precedent restricting registrar cancellation powers.
The Registrar lacks power under the Registration Act to cancel already registered sale deeds; cancellation is a substantive remedy for civil adjudication and cannot be achieved by summary administrative orders except where fraud is manifest on the face of the record. Section 68(2) confers supervisory control over sub-registrars and rectification of registration records but does not authorize annulment of instruments. Administrative nullification during pending civil proceedings usurps the civil forum and was held impermissible; the writ was set aside and the intra-court appeal allowed. The court applied established SC precedent restricting registrar cancellation powers.
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