Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
On allotment-based acquisition of immovable property, the holding period was held to run from the allotment date where the allotment letter created substantive enforceable rights and substantial consideration had already been paid, so the transfer was taxable as long-term capital gain. The Tribunal also treated additional evidence as admitted once it had been sent for remand comments and considered on merits, and found a separate refusal to admit it self-contradictory. For the immovable-property addition, it accepted substantial compliance with the banking-channel condition, held that the stamp duty value as on the allotment date was the relevant benchmark, and restored the matter only for limited factual verification of that valuation.
On allotment-based acquisition of immovable property, the holding period was held to run from the allotment date where the allotment letter created substantive enforceable rights and substantial consideration had already been paid, so the transfer was taxable as long-term capital gain. The Tribunal also treated additional evidence as admitted once it had been sent for remand comments and considered on merits, and found a separate refusal to admit it self-contradictory. For the immovable-property addition, it accepted substantial compliance with the banking-channel condition, held that the stamp duty value as on the allotment date was the relevant benchmark, and restored the matter only for limited factual verification of that valuation.
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