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 ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
This case involves a challenge to a garnish order issued by tax authorities for recovering income tax and penalties. The High Court, considering the Supreme Court's order, disposed of the petition with directions to the revenue authorities. They must decide the application for waiver of pre-deposit and urgent hearing within one month, passing a reasoned order. Until then, no coercive action can be taken against the petitioner. Additionally, since the appeal is pending for over a year, the authorities must decide it expeditiously, preferably within three months, without further delay.
This case involves a challenge to a garnish order issued by tax authorities for recovering income tax and penalties. The High Court, considering the Supreme Court's order, disposed of the petition with directions to the revenue authorities. They must decide the application for waiver of pre-deposit and urgent hearing within one month, passing a reasoned order. Until then, no coercive action can be taken against the petitioner. Additionally, since the appeal is pending for over a year, the authorities must decide it expeditiously, preferably within three months, without further delay.
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