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 transfer of a capital asset from NPCIL to ASHVINI, both public sector companies, under the Central Government-approved plan is notified as a transaction not regarded as a transfer for the purposes of section 47(viiaf) of the Income-tax Act, 1961, read with section 536(2) of the Income-tax Act, 2025. The notification applies to the financial year of transfer, 2025-26, corresponding to assessment year 2026-27. It gives retrospective effect from that financial year and states that no person is adversely affected by the retrospective operation.
The transfer of a capital asset from NPCIL to ASHVINI, both public sector companies, under the Central Government-approved plan is notified as a transaction not regarded as a transfer for the purposes of section 47(viiaf) of the Income-tax Act, 1961, read with section 536(2) of the Income-tax Act, 2025. The notification applies to the financial year of transfer, 2025-26, corresponding to assessment year 2026-27. It gives retrospective effect from that financial year and states that no person is adversely affected by the retrospective operation.
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