PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Deduction u/s 80IB(10) denied as assessee constructed houses owned by buyers with sale deeds executed prior to construction, not developing housing project. Mere construction of colony road and facilities does not change residential plots into housing project. Evidence required to substantiate claim of sale deeds facilitating buyer loans. Completion certificate issue pending Supreme Court adjudication in Global Reality case, High Court judgment stayed. Matter remanded to Assessing Officer for fresh adjudication after verifying evidence on sale deeds for buyer loans, completion certificate issue to be decided as per Supreme Court outcome. Appeal allowed for statistical purposes.
Deduction u/s 80IB(10) denied as assessee constructed houses owned by buyers with sale deeds executed prior to construction, not developing housing project. Mere construction of colony road and facilities does not change residential plots into housing project. Evidence required to substantiate claim of sale deeds facilitating buyer loans. Completion certificate issue pending Supreme Court adjudication in Global Reality case, High Court judgment stayed. Matter remanded to Assessing Officer for fresh adjudication after verifying evidence on sale deeds for buyer loans, completion certificate issue to be decided as per Supreme Court outcome. Appeal allowed for statistical purposes.
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