Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
An admitted acknowledgment of liability can give rise to a fresh starting point of limitation, and the court-closure rule applies when the last day falls on a weekend and filing is made on the reopening day. The tribunal also clarified that the default-proof requirement is not confined to information-utility records: prima facie disclosure of debt and default may be shown through balance-sheet admissions and the debtor's written statement. A new limitation plea cannot be raised for the first time in written submissions after arguments, because written submissions are not pleadings.
An admitted acknowledgment of liability can give rise to a fresh starting point of limitation, and the court-closure rule applies when the last day falls on a weekend and filing is made on the reopening day. The tribunal also clarified that the default-proof requirement is not confined to information-utility records: prima facie disclosure of debt and default may be shown through balance-sheet admissions and the debtor's written statement. A new limitation plea cannot be raised for the first time in written submissions after arguments, because written submissions are not pleadings.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
