Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
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...
Mere inquiry communications, summons or intimation do not amount to initiation of adjudicatory proceedings; a show cause notice does. Applying that principle, the first show cause notice on the same GST subject matter was treated as governing the proceedings, and the authority issuing it had to continue and complete the matter. Other authorities dealing with the same issue were restrained from proceeding independently and were required to forward their material to the adjudicating authority, with prior intimation to the petitioner so it could respond effectively.
Mere inquiry communications, summons or intimation do not amount to initiation of adjudicatory proceedings; a show cause notice does. Applying that principle, the first show cause notice on the same GST subject matter was treated as governing the proceedings, and the authority issuing it had to continue and complete the matter. Other authorities dealing with the same issue were restrained from proceeding independently and were required to forward their material to the adjudicating authority, with prior intimation to the petitioner so it could respond effectively.
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