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...
Page of 4788
Press 'Enter' after typing page number.
881 to 900 of 95752 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Agricultural land retains its agricultural character at transfer where revenue records and receipts establish agricultural use, and the purchaser obtains non-agricultural-use permission only after sale; the resulting gain is not taxable as capital gains. Agricultural receipts recorded in books and supported by undisputed bills are not unexplained income merely because they were omitted from the return. Profit on sale of shares is assessable as capital gains rather than business income where the shareholder had no control over the company's management or business and the contrary treatment rests solely on an alleged controlling interest.
Agricultural land retains its agricultural character at transfer where revenue records and receipts establish agricultural use, and the purchaser obtains non-agricultural-use permission only after sale; the resulting gain is not taxable as capital gains. Agricultural receipts recorded in books and supported by undisputed bills are not unexplained income merely because they were omitted from the return. Profit on sale of shares is assessable as capital gains rather than business income where the shareholder had no control over the company's management or business and the contrary treatment rests solely on an alleged controlling interest.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4788
Join Channel
TaxTMI 
