Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
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Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
In criminal complaints arising during pending tax proceedings, the earlier writ order had reserved the petitioner's liberty to raise all defences before the criminal court, including a request to await the outcome of the substantive tax case. After the assessment appeal was later disposed of, the High Court held that the Magistrate's rejection of the petitioner's applications could not stand. The impugned order was quashed, the applications were restored for fresh consideration, and all rival contentions, including on Section 223 of the Bharatiya Nagarik Suraksha Sanhita, 2023, were left open.
In criminal complaints arising during pending tax proceedings, the earlier writ order had reserved the petitioner's liberty to raise all defences before the criminal court, including a request to await the outcome of the substantive tax case. After the assessment appeal was later disposed of, the High Court held that the Magistrate's rejection of the petitioner's applications could not stand. The impugned order was quashed, the applications were restored for fresh consideration, and all rival contentions, including on Section 223 of the Bharatiya Nagarik Suraksha Sanhita, 2023, were left open.
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