Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
The Tribunal accepted the DGAP report in an anti-profiteering matter concerning construction services and additional input tax credit on the footing that the benefit had already been passed on to home-buyers by commensurate price reduction. After redetermination, the report found excess benefit had been passed to eligible buyers, and the differential amounts with interest due to the two complainants had been paid and acknowledged. As no other home-buyer objected to the report, no surviving basis remained to hold profiteering against the respondent, and no contravention of section 171 was made out.
The Tribunal accepted the DGAP report in an anti-profiteering matter concerning construction services and additional input tax credit on the footing that the benefit had already been passed on to home-buyers by commensurate price reduction. After redetermination, the report found excess benefit had been passed to eligible buyers, and the differential amounts with interest due to the two complainants had been paid and acknowledged. As no other home-buyer objected to the report, no surviving basis remained to hold profiteering against the respondent, and no contravention of section 171 was made out.
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