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...
HC found a violation of natural justice principles as the petitioner was not afforded an opportunity to respond to the Show Cause Notice (SCN). The court remanded the matter back to the concerned department, directing it to provide the petitioner a fair hearing. The petitioner was granted 30 days to file a response to the SCN, ensuring procedural fairness and the right to be heard. The petition was disposed of through remand, allowing for a fresh consideration of the case with proper adherence to principles of natural justice.
HC found a violation of natural justice principles as the petitioner was not afforded an opportunity to respond to the Show Cause Notice (SCN). The court remanded the matter back to the concerned department, directing it to provide the petitioner a fair hearing. The petitioner was granted 30 days to file a response to the SCN, ensuring procedural fairness and the right to be heard. The petition was disposed of through remand, allowing for a fresh consideration of the case with proper adherence to principles of natural justice.
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