Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Revisional jurisdiction over concurrent cheque-dishonour convictions is supervisory and does not permit reappreciation of evidence absent patent defect, legal or jurisdictional error, perversity, non-consideration of material evidence, or gross miscarriage of justice. Admitted cheque execution raises presumptions of consideration and legally enforceable debt, requiring the accused to establish a probable defence. A security cheque may be presented on default where liability subsists, and voluntarily signed blank cheques remain enforceable despite completion of particulars by the payee. Cash-loan restrictions may attract penalties without invalidating the underlying debt. Dishonour marked "account closed" falls within Section 138, and compensation is characterised as compensatory and restitutive alongside deterrent punishment.
Revisional jurisdiction over concurrent cheque-dishonour convictions is supervisory and does not permit reappreciation of evidence absent patent defect, legal or jurisdictional error, perversity, non-consideration of material evidence, or gross miscarriage of justice. Admitted cheque execution raises presumptions of consideration and legally enforceable debt, requiring the accused to establish a probable defence. A security cheque may be presented on default where liability subsists, and voluntarily signed blank cheques remain enforceable despite completion of particulars by the payee. Cash-loan restrictions may attract penalties without invalidating the underlying debt. Dishonour marked "account closed" falls within Section 138, and compensation is characterised as compensatory and restitutive alongside deterrent punishment.
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