Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
Assessing Officer's exclusion of sum pertaining to investments outside India from depreciation on investment provision was upheld. High Court correctly held that Commissioner of Income Tax erred in invoking revisionary jurisdiction u/s 263 against Assessing Officer's order, as it was not prejudicial to revenue's interest. Supreme Court dismissed Special Leave Petition, upholding High Court's order setting aside Commissioner's revisionary order.
Assessing Officer's exclusion of sum pertaining to investments outside India from depreciation on investment provision was upheld. High Court correctly held that Commissioner of Income Tax erred in invoking revisionary jurisdiction u/s 263 against Assessing Officer's order, as it was not prejudicial to revenue's interest. Supreme Court dismissed Special Leave Petition, upholding High Court's order setting aside Commissioner's revisionary order.
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