Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
SC directed formation of Special Investigation Team (SIT) to probe potential collusive practices between banks and builders in housing development projects across Noida, Greater Noida, and Gurugram regions. The court noted significant non-compliance with previous judicial directives, with only 9 banks and 5 developers submitting required affidavits. The Standing Counsel for CBI was instructed to be present for SIT constitution and potential case registration, focusing on investigating financial irregularities where homebuyers have paid substantial amounts but projects remain unfinished or unstarted. The ruling emphasized strict adherence to regulatory guidelines, protecting homebuyers' interests, and ensuring transparent fund disbursement by financial institutions.
SC directed formation of Special Investigation Team (SIT) to probe potential collusive practices between banks and builders in housing development projects across Noida, Greater Noida, and Gurugram regions. The court noted significant non-compliance with previous judicial directives, with only 9 banks and 5 developers submitting required affidavits. The Standing Counsel for CBI was instructed to be present for SIT constitution and potential case registration, focusing on investigating financial irregularities where homebuyers have paid substantial amounts but projects remain unfinished or unstarted. The ruling emphasized strict adherence to regulatory guidelines, protecting homebuyers' interests, and ensuring transparent fund disbursement by financial institutions.
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