Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
TDS u/s 194I - Transit Rent payable by the developer/ builder as Hardship Allowance / Rehabilitation Allowance / Displacement Allowance - Hardship due to dispossession - After considering Section 194(I) of the Income Tax Act and the arguments presented along with relevant ITAT decisions, the court ruled that "transit rent" should not be considered as a revenue receipt and is not liable to be taxed. Therefore, there is no requirement for TDS deduction from the amount payable by the developer to the tenant.
TDS u/s 194I - Transit Rent payable by the developer/ builder as Hardship Allowance / Rehabilitation Allowance / Displacement Allowance - Hardship due to dispossession - After considering Section 194(I) of the Income Tax Act and the arguments presented along with relevant ITAT decisions, the court ruled that "transit rent" should not be considered as a revenue receipt and is not liable to be taxed. Therefore, there is no requirement for TDS deduction from the amount payable by the developer to the tenant.
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