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...
Principle of uberrima fides (utmost good faith) - Cancellation of GST registration of petitioner - Upon verification ordered by the High court, it was discovered that the factory was operational, and the petitioner had indeed obtained a new registration before filing the writ petition. The court observed that the failure to disclose this material fact resulted in the wastage of time for the authorities involved. - The court dismissed the writ petition on the grounds of suppression of material facts by the petitioner.
Principle of uberrima fides (utmost good faith) - Cancellation of GST registration of petitioner - Upon verification ordered by the High court, it was discovered that the factory was operational, and the petitioner had indeed obtained a new registration before filing the writ petition. The court observed that the failure to disclose this material fact resulted in the wastage of time for the authorities involved. - The court dismissed the writ petition on the grounds of suppression of material facts by the petitioner.
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