Independent manufacturing undertaking eligibility preserves Section 80IA/80IB deductions, while machinery kept ready for use qualifies for depreciatio...
Assessing Officer Satisfaction Requirement Bars Penalty for Cash Receipt in Immovable-Property Sale Cases Where Initiation Lacks Recorded Satisfaction...
Self-assessed import entries remain appealable, while bona fide classification disputes without misdeclaration cannot justify confiscation or penaltie...
Actual-user customs exemption conditions permit turnkey project transfers when imported windmill components are exclusively used for installation and ...
Customs offence disqualification excludes civil contraventions, preventing refusal of a private bonded warehouse licence based solely on monetary pena...
Rural agricultural land does not constitute a capital asset for income-tax purposes. Compensation received on its compulsory acquisition under the RFCTLARR Act is exempt from income tax, applying Circular No. 36/2016. Accordingly, such compensation cannot be assessed as short-term capital gain, and the addition made on that basis was deleted.
Rural agricultural land does not constitute a capital asset for income-tax purposes. Compensation received on its compulsory acquisition under the RFCTLARR Act is exempt from income tax, applying Circular No. 36/2016. Accordingly, such compensation cannot be assessed as short-term capital gain, and the addition made on that basis was deleted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
