Clubbing of income from gifted property failed where the claim surfaced after reassessment limitation, sustaining capital-gains assessment in spouse's...
Employee stock-option discount qualifies as revenue expenditure, while royalty and service comparables require reliable functional and transactional b...
Special insurance income computation preserves statutory deductions while limiting transfer-pricing, withholding and disallowance adjustments for gene...
Tribunal leave is mandatory for continuation of a pending suit by or against a company in liquidation. Where joint reliefs are sought against the company and a co-defendant, the claimant cannot maintain the suit or appeal by deleting the company from the parties. The liquidator must be served and represented in proceedings involving the company in liquidation. The commercial judgment was set aside, and the suit was remitted for fresh consideration only if leave is obtained from the Tribunal to continue proceedings against the company.
Tribunal leave is mandatory for continuation of a pending suit by or against a company in liquidation. Where joint reliefs are sought against the company and a co-defendant, the claimant cannot maintain the suit or appeal by deleting the company from the parties. The liquidator must be served and represented in proceedings involving the company in liquidation. The commercial judgment was set aside, and the suit was remitted for fresh consideration only if leave is obtained from the Tribunal to continue proceedings against the company.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4905 
