Separate speaking orders on reopening objections are mandatory; deciding them within reassessment invalidates jurisdiction and precludes revival of st...
Compulsorily convertible debentures remain debt before conversion, preventing transfer-pricing and interest-deduction disallowances on the stated fact...
Stock-in-trade transfer taxability follows possession and consideration, not later conveyance registration, limiting deemed-value provisions to the ac...
Rebate under section 87A is available against tax payable on short-term capital gains chargeable under section 111A where an individual has opted for the concessional tax regime under section 115BAC. The position follows Tribunal precedent supporting the rebate, with no contrary High Court or Supreme Court authority identified. The Revenue's challenge to the rebate was rejected, sustaining its grant for assessment year 2024-25.
Rebate under section 87A is available against tax payable on short-term capital gains chargeable under section 111A where an individual has opted for the concessional tax regime under section 115BAC. The position follows Tribunal precedent supporting the rebate, with no contrary High Court or Supreme Court authority identified. The Revenue's challenge to the rebate was rejected, sustaining its grant for assessment year 2024-25.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4891 
