Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
TDS credit under section 199 must follow the person who has offered the corresponding income to tax. Where a proprietorship is converted into a partnership firm but clients continue deducting tax under the former proprietor's PAN, the individual proprietor cannot claim credit if the related income was returned by the firm. The firm may seek the credit through rectification for the relevant years, subject to verification that it offered the income and that the credit is otherwise admissible. The material describes denial of credit to the individual while permitting the firm to pursue the corresponding credit.
TDS credit under section 199 must follow the person who has offered the corresponding income to tax. Where a proprietorship is converted into a partnership firm but clients continue deducting tax under the former proprietor's PAN, the individual proprietor cannot claim credit if the related income was returned by the firm. The firm may seek the credit through rectification for the relevant years, subject to verification that it offered the income and that the credit is otherwise admissible. The material describes denial of credit to the individual while permitting the firm to pursue the corresponding credit.
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