Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
An order granting valuation and the first opportunity to purchase shares was treated as self-operative: once the fair value reports were available, the appellant had to accept the valuation and indicate willingness to buy, without any further formal offer. By rejecting the higher valuation and seeking averaging of the reports, the appellant failed to exercise the first option, so the respondents' right to purchase the shares at the accepted fair value crystallised. The Tribunal also held that a later challenge to the valuation and a belated offer to buy could not revive a waived right after the arrangement had been acted upon. The appeal was dismissed and the sale in favour of the respondents was sustained.
An order granting valuation and the first opportunity to purchase shares was treated as self-operative: once the fair value reports were available, the appellant had to accept the valuation and indicate willingness to buy, without any further formal offer. By rejecting the higher valuation and seeking averaging of the reports, the appellant failed to exercise the first option, so the respondents' right to purchase the shares at the accepted fair value crystallised. The Tribunal also held that a later challenge to the valuation and a belated offer to buy could not revive a waived right after the arrangement had been acted upon. The appeal was dismissed and the sale in favour of the respondents was sustained.
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