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 ...
ITAT remanded the matter back to the Assessing Officer (AO) to re-examine the TDS non-deduction dispute. The tribunal directed the AO to provide the assessee an opportunity to present evidence regarding Form 15G/H and Form 27BA, and verify the tax payment status. The bench emphasized a merit-based assessment, allowing the assessee to substantiate claims of tax compliance. The appeal was allowed for statistical purposes, with instructions for the assessee to cooperate during proceedings and avoid frivolous adjournments. The AO must conduct a comprehensive review, ensuring fair consideration of the factual aspects raised by the assessee.
ITAT remanded the matter back to the Assessing Officer (AO) to re-examine the TDS non-deduction dispute. The tribunal directed the AO to provide the assessee an opportunity to present evidence regarding Form 15G/H and Form 27BA, and verify the tax payment status. The bench emphasized a merit-based assessment, allowing the assessee to substantiate claims of tax compliance. The appeal was allowed for statistical purposes, with instructions for the assessee to cooperate during proceedings and avoid frivolous adjournments. The AO must conduct a comprehensive review, ensuring fair consideration of the factual aspects raised by the assessee.
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