have accepted the settlement deed for the settlement deed to come into effect. On the date of the settlement deed, Ajit Kumar's right ... assessee was not an afterthought to avoid tax liability because the cancellation deed, in fact, was anterior to the notice issued under section
deed, the Hon'ble Delhi High court passed the
decree vides its order dated 05/06/2015 cancelling the
aforementioned sale deeds. Cancellation deeds ... response to the notice u/s 148 of
the Act. The cancellation deeds cancelling the sale of
properties by a consent decree
Company's landed property by entering into a cancellation deed; (b) misappropriation of the amounts realised by way of cancelling the sale deed ... cancellation deed that the sale deed is void, is not permitted under law. Furthermore, if the cancellation deed is not supported by any consideration, such
absolute owner. It is observed that any
registered deed cannot be nullified by executing deed of cancellation since by execution
and registration of sale deed ... registration of the sale deed,
the BDS cannot determine the validity of the sale deed. It can neither execute a
cancellation deed unilaterally
tenable
6.3.11 : On the issue that there were two cancellation deeds in Gujarati,
one dated 05-03^2010 and. other dated ... cancellation deeds, copy of both
were perused and it is seen that the deed dated 05-03-2010 pertains to
cancellation of agreement dated
sale deeds. Thus, there is no
sufficient cause that prevented the assessee from producing the evidences.
Execution of 4 sale deeds & 8 cancellation deeds ... copies
of the cancellation deed and sale deeds which are filed as an additional
evidences, and submitted that since cancellation deeds and sale deed were
initial mistake of executing a sale deed on 10.08.2015
was duly corrected by way of a deed of cancellation dated
21.03.2022 and that the appellant ... deed of cancellation dated 14.03.2022 by
failing to appreciate that, under a mutually consented
arrangement, cancellation of a registered deed of
conveyance is governed
that while making this submission the assessee has
conveniently ignored the cancellation deed dated 29.01.2016 of the said
shops in which it is clearly mentioned ... assessee completely differs from the facts as stated in cancellation
deed. The cancellation deed was made part of the penalty order
show cause notice was issued to the assessee. In the
cancellation deed the reason mentioned was that the assessee failed to
repay the loan along ... only when he
asked to show cause then he has submitted cancellation deed.
In cancellation deed it is mentioned that the assessee has failed
supplementary
agreement dated 25.03.2005 and therefore, deed of cancellation was
executed on 10.09.2011. The cancellation deed was also signed on behalf
of M/s Kashtamanup ... cancellation deed. The property / asset was never
transferred to the assessee. Therefore, the compensation received by
assessee under the deed of cancellation was in respect
