NPCI-based bank account validation for IEC applications and modifications enables real-time validation; incorrect details block submission or trigger ...
Creation/Invocation of pledge of securities through depository system: standardized pledge forms, notice requirement and invocation notifications to p...
Calendar Spread margin benefit for Single Stock Derivatives suspended on expiry day for expiring contracts; exchanges must implement systems and rule ...
Proportionate interest, unexplained credits and partner remuneration disputed; proofs of fund nexus and lender identity were decisive and disallowance...
Capital gains valuation from stamp assessment versus net consideration for residential reinvestment: deemed stamp value replaced for gains but not for...
The appellate authority misread Rule 112 by treating production of additional evidence in appeal as unavailable, without examining whether the case fell within clauses (a) to (d) of sub-rule (1). The High Court held that the petitioner's contentions on the admissibility of additional evidence required consideration, and that the matter could also have been remanded to the original authority if factual examination was necessary. Because the substantive grounds and additional evidence were not considered under Rule 112, the appellate order could not stand. The order was set aside and the appeal remanded for fresh decision, with all contentions left open.
The appellate authority misread Rule 112 by treating production of additional evidence in appeal as unavailable, without examining whether the case fell within clauses (a) to (d) of sub-rule (1). The High Court held that the petitioner's contentions on the admissibility of additional evidence required consideration, and that the matter could also have been remanded to the original authority if factual examination was necessary. Because the substantive grounds and additional evidence were not considered under Rule 112, the appellate order could not stand. The order was set aside and the appeal remanded for fresh decision, with all contentions left open.
Note: It is a system-generated summary and is for quick reference only.