Jurisprudentiol–Tomorrow's cases

By Vijay Kumar

Legal Corner Icon — the image was hosted by the publisher and was not captured.Customs

Speculating in metals is risky business; once party has won bid in e-auction, no going back; no refund of earnest deposit; an unflattering assessment of judicial process or more fashionable psyche of making a matter sub-judice to ward off an undeniable claim: Calcutta HC

THE exhilaration of money pouring in following a good call made on a given day is chillingly dampened in the chagrin of the payout that may have to be made on the next. As much as there may be profit in the speculation business in the market, speculation on a bad cause is depressingly expensive.

Central Excise

CENVAT Credit is a substantial right and SCN or Order does not allege that essential conditions under the CCR, 2004 were not satisfied by assessee – Tribunal stays recovery of Rs 64 lakhs demand

THE benefit of CENVAT credit on inputs used in the manufacture of excisable final product offers a method of payment of duty on the final product, which is a substantive right for the manufacturer of the final product.

Income Tax

There is no requirement that there has to be a registered Deed of conveyance for a person to be treated as an owner of property for the purpose of Section 22: Bombay High Court

THE question before the High Court was, "Whether the Appellate Tribunal erred in law in holding that the property would stand transferred only with effect from the date of registration of the Deeds of Conveyance of flats?"

See our columns Tomorrow for the judgements