Capital Asset Conversion Requires Proven Business Stock Treatment; Paper Consideration in Spousal Flat Transfers Does Not Create Taxable Business Inco...
Human-probability test defeats political donation deduction where banking records mask accommodation-entry fund layering and evidence shows non-genuin...
Commercial property status protects capital-gains exemption when residential-house ownership limits are tested, while agricultural-land character gove...
The High Court considered a writ petition seeking extension of waiver of late fee under an Amnesty Scheme due to delayed filing of annual returns u/s N/N. 7/2023-CT, dated 31.03.2023 as amended by N/N. 25/2023-CT, dated 17.07.2023. The court directed the respondent to review the petitioner's representation and make a decision in line with the relevant notifications within three months from the date of receipt of the court's order.
The High Court considered a writ petition seeking extension of waiver of late fee under an Amnesty Scheme due to delayed filing of annual returns u/s N/N. 7/2023-CT, dated 31.03.2023 as amended by N/N. 25/2023-CT, dated 17.07.2023. The court directed the respondent to review the petitioner's representation and make a decision in line with the relevant notifications within three months from the date of receipt of the court's order.
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