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    Agricultural land character at transfer determines capital-gains treatment despite purchaser obtaining later non-agricultural-use permission.
    Accommodation-entry interest is disallowed, but tax withholding is excluded and unsupported estimated commission additions fail.
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      Harassment of assessee - Re-assessment - Huge Demand of income...

      High Court Criticizes Revenue for Harassment in Re-assessments; Imposes Rs. 50 Lakh Cost for Natural Justice Violations.

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      Income TaxAugust 20, 2022Case LawsHC
      Harassment of assessee - Re-assessment - Huge Demand of income tax - The practice of frequently violating principles of natural justice, non consideration of replies of assessees under one pretext or the other or rejecting it with one or two lines orders without recording reasons for rejection, is gradually increasing which needs to be taken care of immediately by the respondents at the highest level, otherwise prevailing situation of arbitrary approach and breach of principles of natural justice may not only adversely affect the assessees who pay revenue to the Government, but also may develop a perception amongst people/assessees that it is difficult to get justice from the authorities in statutory proceedings. - Writ petition is allowed with cost of Rs.50,00,000/- on the Revenue department - HC

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      ActsIncome Tax