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...
Petition challenging initiation of criminal proceedings against petitioner, Managing Director of a company, for alleged tax evasion by misrepresenting vehicle ownership to evade motor vehicle tax. Court observed petitioner not directly involved in alleged forgery or alteration of documents by educational society. Petitioner having fixed abode, apprehension of absconding unfounded. Directed police to investigate without coercive steps against petitioner for six weeks, petitioner to cooperate. Matter listed after four weeks for filing counter-affidavit.
Petition challenging initiation of criminal proceedings against petitioner, Managing Director of a company, for alleged tax evasion by misrepresenting vehicle ownership to evade motor vehicle tax. Court observed petitioner not directly involved in alleged forgery or alteration of documents by educational society. Petitioner having fixed abode, apprehension of absconding unfounded. Directed police to investigate without coercive steps against petitioner for six weeks, petitioner to cooperate. Matter listed after four weeks for filing counter-affidavit.
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