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 doctrine of mutuality excludes surplus from a co-operative housing society's maintenance charges, property-tax recoveries and other member collections where contributors and participators are identical, funds serve common member purposes, and there are no non-member receipts or commercial activity. A year-end surplus merely augments the common fund and does not become taxable income. The notes also state that an audited co-operative society may file its return by the applicable audit-related due date; where filed within that date, late-filing fee under section 234F is not sustainable.
The doctrine of mutuality excludes surplus from a co-operative housing society's maintenance charges, property-tax recoveries and other member collections where contributors and participators are identical, funds serve common member purposes, and there are no non-member receipts or commercial activity. A year-end surplus merely augments the common fund and does not become taxable income. The notes also state that an audited co-operative society may file its return by the applicable audit-related due date; where filed within that date, late-filing fee under section 234F is not sustainable.
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