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...
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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