Cooperative society deposits, member-interest TDS exemption and credit-facility deduction claims require verification through records and supporting e...
Customs jurisdiction over EPCG condition breaches survives export-obligation discharge certificates, requiring alleged fraud and misdeclaration to be ...
Contractual tolerance requires consideration; breach recoveries, qualifying public infrastructure services and road works escape service tax liability...
Personal hearing requirements in GST adjudication were satisfied by prior opportunities and written submissions; appellate limitation received writ-pe...
Capital gains exemption through a Capital Gains Account Scheme deposit is discussed as available where bank records and a certificate establish that the deposit was made under the prescribed scheme; the section 54 disallowance was deleted. The taxability of gains from sale of rural agricultural land depends on verifying whether the land was within eight kilometres of municipal limits; the matter was remitted for factual verification and fresh adjudication. Indexation must be allowed when computing capital gains on the residential property, requiring consequential recomputation after resolution of the exemption claim.
Capital gains exemption through a Capital Gains Account Scheme deposit is discussed as available where bank records and a certificate establish that the deposit was made under the prescribed scheme; the section 54 disallowance was deleted. The taxability of gains from sale of rural agricultural land depends on verifying whether the land was within eight kilometres of municipal limits; the matter was remitted for factual verification and fresh adjudication. Indexation must be allowed when computing capital gains on the residential property, requiring consequential recomputation after resolution of the exemption claim.
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