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...
Money Laundering - Compliance of summons issued by the petitioner, ED u/s 50 - District Collectors to appear before the ED - The Supreme Court expressed disapproval of the District Collectors' failure to comply with its earlier order to appear before the ED. It emphasized the importance of respecting court orders and the rule of law. Despite acknowledging the reasons provided by the respondents for their non-appearance, including election duties, the Court deemed it necessary to ensure compliance with the summons issued under the PMLA.
Money Laundering - Compliance of summons issued by the petitioner, ED u/s 50 - District Collectors to appear before the ED - The Supreme Court expressed disapproval of the District Collectors' failure to comply with its earlier order to appear before the ED. It emphasized the importance of respecting court orders and the rule of law. Despite acknowledging the reasons provided by the respondents for their non-appearance, including election duties, the Court deemed it necessary to ensure compliance with the summons issued under the PMLA.
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