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...
The High Court addressed the validity of a bank attachment notice for overdue interest and tax liabilities. The petitioner discharged the tax liability belatedly, leading to interest liability. The court acknowledged the petitioner's payment towards interest and tax liabilities. It directed the petitioner to pay Rs.10,00,000 by 15.04.2024 towards outstanding interest, with the remaining amount in 11 monthly installments. Upon receipt of the initial sum, the bank attachment and garnishee notices were to be withdrawn. Failure to comply could result in fresh attachment orders u/s relevant laws. The petition was disposed of accordingly.
The High Court addressed the validity of a bank attachment notice for overdue interest and tax liabilities. The petitioner discharged the tax liability belatedly, leading to interest liability. The court acknowledged the petitioner's payment towards interest and tax liabilities. It directed the petitioner to pay Rs.10,00,000 by 15.04.2024 towards outstanding interest, with the remaining amount in 11 monthly installments. Upon receipt of the initial sum, the bank attachment and garnishee notices were to be withdrawn. Failure to comply could result in fresh attachment orders u/s relevant laws. The petition was disposed of accordingly.
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