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...
The Ministry of Finance (CBDT), u/s 48 of the Income-tax Act, 1961, has notified a Cost Inflation Index (CII) of 363 for the Financial Year 2024-25, amending Notification No. 44/2017. This amendment, under clause (v) of the Explanation to section 48, inserts a new serial number and entries in the Table. The notification, effective from April 1, 2025, applies to the assessment year 2025-26 onwards.
The Ministry of Finance (CBDT), u/s 48 of the Income-tax Act, 1961, has notified a Cost Inflation Index (CII) of 363 for the Financial Year 2024-25, amending Notification No. 44/2017. This amendment, under clause (v) of the Explanation to section 48, inserts a new serial number and entries in the Table. The notification, effective from April 1, 2025, applies to the assessment year 2025-26 onwards.
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