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...
The notification amends the composition of the specified authority constituted under the Explanation to section 72A of the Income-tax Act, 1961. It substitutes item 5 in Notification S.O. 710(E) to designate the Member (Legislation), Central Board of Direct Taxes, serving ex officio as Additional Secretary in the Department of Revenue, as a member of that authority. The amendment changes the listed membership of the committee responsible for functions assigned to the specified authority under section 72A.
The notification amends the composition of the specified authority constituted under the Explanation to section 72A of the Income-tax Act, 1961. It substitutes item 5 in Notification S.O. 710(E) to designate the Member (Legislation), Central Board of Direct Taxes, serving ex officio as Additional Secretary in the Department of Revenue, as a member of that authority. The amendment changes the listed membership of the committee responsible for functions assigned to the specified authority under section 72A.
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