Telangana High Court Judgments — 2011

The High Court found no evidence of coercion or pressure in the execution of the receipt. It held that the appellant voluntarily received the payment and executed the receipt, thus the execution petition was rightly dismissed as satisfied.

The Tribunal held that AMCs are institutions established for the advancement of general public utility and thus exist for charitable purposes. The denial of registration by the CIT was deemed erroneous.

The High Court held that the appeal should be dismissed as not pressed, considering the CBDT circular and the tax effect being below the prescribed limit. However, substantial questions of law were left open for future proceedings.

The Tribunal held that AMCs are institutions established for the advancement of general public utility and thus exist for charitable purposes. The denial of registration by the CIT was deemed erroneous.

The Tribunal allowed the withdrawal of the appeal as per the Department's request. The Department was given liberty to revive the appeal if it was later found to be outside the scope of the circular.

The High Court modified the trial court's order, increasing the awarded damages from Rs. 1,06,890 to Rs. 1,56,890, payable by defendant No. 1. The court upheld the refusal of injunctive relief.

The Tribunal held that the defendant failed to rebut the presumption that the promissory notes were supported by consideration. The evidence presented by the defendant was not convincing enough to prove their defense.