Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
Focus Product Scheme incentive received by the assessee was treated as a capital receipt, because the Tribunal followed its co-ordinate bench decision in the assessee's own case for the immediately succeeding year on identical facts. The Assessing Officer was directed to allow the claim accordingly. The Tribunal also noted that the assessee's additional claim ought to have been examined in appeal, and therefore granted relief by accepting the incentive as capital in nature.
Focus Product Scheme incentive received by the assessee was treated as a capital receipt, because the Tribunal followed its co-ordinate bench decision in the assessee's own case for the immediately succeeding year on identical facts. The Assessing Officer was directed to allow the claim accordingly. The Tribunal also noted that the assessee's additional claim ought to have been examined in appeal, and therefore granted relief by accepting the incentive as capital in nature.
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