Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
Enforceable rights in a specific residential flat can satisfy the requirement of purchase for beneficial exemption relief, so long as the investment is made within the prescribed period and the later conveyance only regularises an earlier arrangement. Capital gains arising from an asset gifted to a spouse can be clubbed in the transferor's hands because "income" in the clubbing provision includes capital gains; once clubbed, the corresponding exemption attached to the spouse's residential investment must also be allowed to avoid distorted computation. Transfer expenses actually incurred and proved by invoices and bank records were allowed in full under the computation provisions, and were not to be reduced merely by reference to ownership share.
Enforceable rights in a specific residential flat can satisfy the requirement of purchase for beneficial exemption relief, so long as the investment is made within the prescribed period and the later conveyance only regularises an earlier arrangement. Capital gains arising from an asset gifted to a spouse can be clubbed in the transferor's hands because "income" in the clubbing provision includes capital gains; once clubbed, the corresponding exemption attached to the spouse's residential investment must also be allowed to avoid distorted computation. Transfer expenses actually incurred and proved by invoices and bank records were allowed in full under the computation provisions, and were not to be reduced merely by reference to ownership share.
Note: It is a system-generated summary and is for quick reference only.
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