Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
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Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
The Delhi HC in PCIT vs. Inderjit Singh Sodhi HUF held that interest, whether on compensation or enhanced compensation received on acquisition of land u/ss 28 or 34 of the Land Acquisition Act, 1894, shall be taxable as 'Income from Other Sources' u/s 56(2)(viii), distinguishing the SC's decision in CIT vs. Ghanshyam HUF and concurring with the P&H HC's ruling in Mahender Pal Narang vs. CBDT on the amended provisions of Section 56(2).
The Delhi HC in PCIT vs. Inderjit Singh Sodhi HUF held that interest, whether on compensation or enhanced compensation received on acquisition of land u/ss 28 or 34 of the Land Acquisition Act, 1894, shall be taxable as 'Income from Other Sources' u/s 56(2)(viii), distinguishing the SC's decision in CIT vs. Ghanshyam HUF and concurring with the P&H HC's ruling in Mahender Pal Narang vs. CBDT on the amended provisions of Section 56(2).
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