Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
The High Court reviewed the validity of an assessment where only one day was given to respond to a show cause notice, deeming it unreasonable and a violation of natural justice. The petitioner submitted evidence from a bank stating a lesser amount received than assessed. Consequently, the court set aside the order and remanded for reconsideration, noting the failure to consider the evidence. The court allowed the assessee's appeal, finding the assessment order unsustainable.
The High Court reviewed the validity of an assessment where only one day was given to respond to a show cause notice, deeming it unreasonable and a violation of natural justice. The petitioner submitted evidence from a bank stating a lesser amount received than assessed. Consequently, the court set aside the order and remanded for reconsideration, noting the failure to consider the evidence. The court allowed the assessee's appeal, finding the assessment order unsustainable.
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