Urgent interim relief exception permits commercial suit without pre-institution mediation where immediate disclosure and asset protection are genuinel...
Portal order discrepancies invalidated rectification rejection, requiring fresh reasoned consideration after hearing and prompt communication of the o...
For charitable trusts, fixed deposits and balances in a scheduled-bank savings account created from capital-asset sale proceeds constitute acquisition of another capital asset for capital-gains exemption under section 11(1A). A bank deposit is a permissible investment mode, and its status as a capital asset does not depend on the deposit duration. Eligibility requires sale proceeds to be invested only in prescribed modes; qualifying fixed deposits and savings balances therefore fall within the exemption.
For charitable trusts, fixed deposits and balances in a scheduled-bank savings account created from capital-asset sale proceeds constitute acquisition of another capital asset for capital-gains exemption under section 11(1A). A bank deposit is a permissible investment mode, and its status as a capital asset does not depend on the deposit duration. Eligibility requires sale proceeds to be invested only in prescribed modes; qualifying fixed deposits and savings balances therefore fall within the exemption.
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