Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
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In redevelopment arrangements, permanent alternate accommodation is treated as a continuation of ownership rights in the original flat rather than a newly acquired capital asset. The holding period runs from the allotment or crystallisation of enforceable rights under the redevelopment arrangement; additional area received, whether purchased from the developer or transferred by a family member, also arises from those pre-existing rights and is not separately dissected. Where that period exceeds the statutory threshold, gains on sale are long-term capital gains, allowing indexed acquisition cost and residential-house capital-gains exemption under sections 54/54F in accordance with law.
In redevelopment arrangements, permanent alternate accommodation is treated as a continuation of ownership rights in the original flat rather than a newly acquired capital asset. The holding period runs from the allotment or crystallisation of enforceable rights under the redevelopment arrangement; additional area received, whether purchased from the developer or transferred by a family member, also arises from those pre-existing rights and is not separately dissected. Where that period exceeds the statutory threshold, gains on sale are long-term capital gains, allowing indexed acquisition cost and residential-house capital-gains exemption under sections 54/54F in accordance with law.
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