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...
No prescribed limitation period governed petitions under the Companies Act before the Company Law Board, but unexplained delay could still matter where relief is discretionary; on these facts, the grievance concerned a continuing course of oppression and mismanagement, so delay, laches, acquiescence and estoppel did not bar scrutiny. The Board could examine fraud and forgery on the record where the material disclosed mala fide exclusion, and its findings on shareholding, clandestine meetings and oppressive conduct were not perverse under Section 10F because they rested on company records and correspondence. Additional evidence under Order XLI Rule 27 required due diligence and necessity, which were not shown. The special auditor direction was only consequential and was upheld.
No prescribed limitation period governed petitions under the Companies Act before the Company Law Board, but unexplained delay could still matter where relief is discretionary; on these facts, the grievance concerned a continuing course of oppression and mismanagement, so delay, laches, acquiescence and estoppel did not bar scrutiny. The Board could examine fraud and forgery on the record where the material disclosed mala fide exclusion, and its findings on shareholding, clandestine meetings and oppressive conduct were not perverse under Section 10F because they rested on company records and correspondence. Additional evidence under Order XLI Rule 27 required due diligence and necessity, which were not shown. The special auditor direction was only consequential and was upheld.
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