Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
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Tax deduction on transfer of agricultural land under section 194-IA does not arise unless the land falls within that provision's scope. The text states that a registered sale deed identified the property as agricultural land and no contrary material established that it was covered land; therefore, no primary TDS obligation applied. Section 206AA only increases the deduction rate where tax is otherwise deductible and PAN is not furnished; it cannot independently create a TDS liability. Consequently, section 201(1) cannot treat the purchaser as an assessee in default absent a statutory duty to deduct. The short-deduction demand and consequential interest were deleted.
Tax deduction on transfer of agricultural land under section 194-IA does not arise unless the land falls within that provision's scope. The text states that a registered sale deed identified the property as agricultural land and no contrary material established that it was covered land; therefore, no primary TDS obligation applied. Section 206AA only increases the deduction rate where tax is otherwise deductible and PAN is not furnished; it cannot independently create a TDS liability. Consequently, section 201(1) cannot treat the purchaser as an assessee in default absent a statutory duty to deduct. The short-deduction demand and consequential interest were deleted.
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