S. Chand and Co. vs Bharat Carpets Ltd.
Execution of agreement: Bar on objectors to agreement-Agreement not ignorable as void document unless set aside by court on allegations of fraud or misrepresentation by suppression of material facts-The objectors could not wish away an agreement by merely stating that it was a void document. They could not allege that the agreement had no efficacy [LexDoc Id : 427628]
HC (Delhi)
2011
Nokia India (P) Ltd. vs Addl. CIT
Business expenditure-Obsolescence allowance-The assessee filed item-wise details of obsolescence, the basis for provision made and copy of global policy in this regard. The ad hoc disallowance a [LexDoc Id : 427267]
