Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Exemption u/s 54B - Agriculture land - vacant land - if the AO comes to the conclusion that the impugned lands are agricultural lands, still the capital gain arising on their sale is assessable under the head "Capital gains" for the reason that the impugned lands are located within the limits of municipality, viz., GVMC. However, the assessee would be entitled for exemption under section 54B of the Act on the reinvestment made by him in purchase of another agricultural land. .... - AT
Exemption u/s 54B - Agriculture land - vacant land - if the AO comes to the conclusion that the impugned lands are agricultural lands, still the capital gain arising on their sale is assessable under the head "Capital gains" for the reason that the impugned lands are located within the limits of municipality, viz., GVMC. However, the assessee would be entitled for exemption under section 54B of the Act on the reinvestment made by him in purchase of another agricultural land. .... - AT
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