Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for compulsorily acquired agricultural land is examined in relation to taxation as income from other sources under section 56(2)(viii). The notes distinguish section 28 interest as an accretion to compensation rather than ordinary interest, and address the related treatment of tax deduction at source. They also highlight that the territorial jurisdiction of the Bombay High Court is relevant where the acquired land and assessing officer fall within that jurisdiction.
Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for compulsorily acquired agricultural land is examined in relation to taxation as income from other sources under section 56(2)(viii). The notes distinguish section 28 interest as an accretion to compensation rather than ordinary interest, and address the related treatment of tax deduction at source. They also highlight that the territorial jurisdiction of the Bombay High Court is relevant where the acquired land and assessing officer fall within that jurisdiction.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4780
Join Channel
TaxTMI 
