Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Prayer of Out-of-turn disposal of appeal due to indefinite deferment of proceedings - Piecemeal adjudication - The appellant sought urgent disposal of the appeal, arguing that the delay was jeopardizing their interests, while the respondent argued that the delay was not detrimental as liability was yet to be determined. The Tribunal ruled in favor of the appellant, directing the adjudicating authority to dispose of the notice within four weeks, considering the impending liquidation of the appellant-company and the limited scope of the stay order issued by the Bombay High Court.
Prayer of Out-of-turn disposal of appeal due to indefinite deferment of proceedings - Piecemeal adjudication - The appellant sought urgent disposal of the appeal, arguing that the delay was jeopardizing their interests, while the respondent argued that the delay was not detrimental as liability was yet to be determined. The Tribunal ruled in favor of the appellant, directing the adjudicating authority to dispose of the notice within four weeks, considering the impending liquidation of the appellant-company and the limited scope of the stay order issued by the Bombay High Court.
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