Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Application for Grant of bail - smuggling foreign origin gold - No duty paid - The High court ultimately rejected the bail application, citing the materials collected during the investigation, which indicate his possession of smuggled gold bars valued at a significant amount. The decision is based on the provisions of Section 135(1)(b)(i)(A) of the Customs Act, which renders the offense non-bailable considering the value of the seized goods.
Application for Grant of bail - smuggling foreign origin gold - No duty paid - The High court ultimately rejected the bail application, citing the materials collected during the investigation, which indicate his possession of smuggled gold bars valued at a significant amount. The decision is based on the provisions of Section 135(1)(b)(i)(A) of the Customs Act, which renders the offense non-bailable considering the value of the seized goods.
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