https://www.taxtmi.com/caselaws?id=415756 The High Court clarified that statements under Order X CPC must be read in context and used to elucidate facts in controversy. The Court emphasized the need to consider the effect of TDS Certificates and the nature of the transactions during final adjudication. The Trial Court was directed to assess the evidence, including statements under Order X CPC and parties' pleadings, to determine if the transactions were loans or investments. If Defendant's investment claim is not substantiated, the Trial Court should proceed based on Plaintiffs' evidence and statements under Order X CPC. The petitions were disposed of with these instructions. en-us Wed, 08 Dec 2021 00:00:00 +0530 Tue, 14 Dec 2021 09:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415756 The High Court clarified that statements under Order X CPC must be read in context and used to elucidate facts in controversy. The Court emphasized the need to consider the effect of TDS Certificates and the nature of the transactions during final adjudication. The Trial Court was directed to assess the evidence, including statements under Order X CPC and parties' pleadings, to determine if the transactions were loans or investments. If Defendant's investment claim is not substantiated, the Trial Court should proceed based on Plaintiffs' evidence and statements under Order X CPC. The petitions were disposed of with these instructions. Case-Laws Indian Laws Wed, 08 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415756