Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Assessment of housing society - consideration received on the transaction carried out for redevelopment of the land (LTCG) taxation in the hands of the society or not? - The High Court observed that, No authority is required to hold that terms ‘land or building' ‘or both' do not include development rights and that in the case before there was transfer of such rights only. Thus we hold that FAA was not justified in taxing sum in the hands of the assessee, as same was the income of the members of the society. - Thus, HC confirmed the order of ITAT.
Assessment of housing society - consideration received on the transaction carried out for redevelopment of the land (LTCG) taxation in the hands of the society or not? - The High Court observed that, No authority is required to hold that terms ‘land or building' ‘or both' do not include development rights and that in the case before there was transfer of such rights only. Thus we hold that FAA was not justified in taxing sum in the hands of the assessee, as same was the income of the members of the society. - Thus, HC confirmed the order of ITAT.
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