Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Fixed deposit receipts kept as margin money for expired bank guarantees were treated as assets of the corporate debtor, and therefore passed to the successful resolution applicant after implementation of the resolution plan. The tribunal held that the information memorandum is meant to disclose available assets and liabilities, but omission of an asset from it does not, by itself, vest that asset in the erstwhile Committee of Creditors or defeat the resolution applicant's title. It distinguished extinguishment of claims under the resolution plan from transfer of ownership of later-discovered assets, and held that the banks had no right to adjust the FDR proceeds after full implementation of the plan.
Fixed deposit receipts kept as margin money for expired bank guarantees were treated as assets of the corporate debtor, and therefore passed to the successful resolution applicant after implementation of the resolution plan. The tribunal held that the information memorandum is meant to disclose available assets and liabilities, but omission of an asset from it does not, by itself, vest that asset in the erstwhile Committee of Creditors or defeat the resolution applicant's title. It distinguished extinguishment of claims under the resolution plan from transfer of ownership of later-discovered assets, and held that the banks had no right to adjust the FDR proceeds after full implementation of the plan.
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