Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Conversion of the partnership firm into a Pvt. Ltd. company - Violation of the conditions u/s 47(xiii) - part capital was allotted as shares to erstwhile partners and balance by way of loan credits - when a firm is succeeded by a company with no change either in the number of members or in the value of assets with no dissolution of the firm - unless and until the first condition of transfer by way of distribution of assets is satisfied, Section 45(4) will not be attracted
Conversion of the partnership firm into a Pvt. Ltd. company - Violation of the conditions u/s 47(xiii) - part capital was allotted as shares to erstwhile partners and balance by way of loan credits - when a firm is succeeded by a company with no change either in the number of members or in the value of assets with no dissolution of the firm - unless and until the first condition of transfer by way of distribution of assets is satisfied, Section 45(4) will not be attracted
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