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 ...
Stay of recovery proceedings initiated under Section 226(3) - Political Party claiming exemption u/s 13A as appliable to Trusts, denied - The tribunal dismissed these allegations, highlighting that the Assessing Officer proceeded according to the due process of law. The claim of hardship was found to lack merit as the assessee had ample opportunities to address the demand, including a chance to pay 20% of the demand in October 2021, which was not taken. - While this issue's specific judicial reasoning is not provided in the Stay Application's context, the denial of exemption by the Assessing Officer underlines strict adherence to the statutory requirements of the Income-tax Act.
Stay of recovery proceedings initiated under Section 226(3) - Political Party claiming exemption u/s 13A as appliable to Trusts, denied - The tribunal dismissed these allegations, highlighting that the Assessing Officer proceeded according to the due process of law. The claim of hardship was found to lack merit as the assessee had ample opportunities to address the demand, including a chance to pay 20% of the demand in October 2021, which was not taken. - While this issue's specific judicial reasoning is not provided in the Stay Application's context, the denial of exemption by the Assessing Officer underlines strict adherence to the statutory requirements of the Income-tax Act.
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