Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
The High Court held the writ petition maintainable despite the statutory appeal remedy because the challenge fell within recognised exceptions for breach of natural justice and statutory limits. It quashed the show cause notice and adjudication order after finding that the final demand travelled beyond the notice and imposed tax, interest and penalty on grounds not specified therein, contrary to the statutory restriction. The Court also held that the adjudicating authority failed to consider the petitioner's specific exemption plea under the notification and exemption provision, making the order unsustainable. The matter was remanded for fresh adjudication on merits after hearing the petitioner.
The High Court held the writ petition maintainable despite the statutory appeal remedy because the challenge fell within recognised exceptions for breach of natural justice and statutory limits. It quashed the show cause notice and adjudication order after finding that the final demand travelled beyond the notice and imposed tax, interest and penalty on grounds not specified therein, contrary to the statutory restriction. The Court also held that the adjudicating authority failed to consider the petitioner's specific exemption plea under the notification and exemption provision, making the order unsustainable. The matter was remanded for fresh adjudication on merits after hearing the petitioner.
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