https://www.taxtmi.com/caselaws?id=469353 A cancellation affidavit did not by itself end the flat purchase relationship where no refund had been made and the booking documents were neither cancelled nor surrendered. Because the appellants had also communicated their decision to continue with the flat before refund was effected, the subsisting contractual position remained that of flat buyers. The classification had to reflect the real status between the parties, and incomplete cancellation could not justify shifting them to the refund category. The appellants were therefore entitled to be included in the flat-buyer category. en-us Tue, 21 Jan 2025 00:00:00 +0530 Mon, 15 Jun 2026 11:32:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469353 A cancellation affidavit did not by itself end the flat purchase relationship where no refund had been made and the booking documents were neither cancelled nor surrendered. Because the appellants had also communicated their decision to continue with the flat before refund was effected, the subsisting contractual position remained that of flat buyers. The classification had to reflect the real status between the parties, and incomplete cancellation could not justify shifting them to the refund category. The appellants were therefore entitled to be included in the flat-buyer category. Case-Laws IBC Tue, 21 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469353