PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
ITAT resolved a capital gains taxation dispute involving an HUF's property transaction. The tribunal found that capital gains should have been computed in the seller/builder's hands, not the assessee-HUF's. Tax deductions by ultimate apartment buyers supported this conclusion. The tribunal determined that the Assessing Officer's addition of capital gains to the HUF's income was erroneous. Consequently, no capital gains would accrue to the assessee-HUF for the assessment year 2016-17, and the impugned addition was deleted. The assessee's appeal was allowed, effectively reversing the previous tax assessment and providing relief to the HUF.
ITAT resolved a capital gains taxation dispute involving an HUF's property transaction. The tribunal found that capital gains should have been computed in the seller/builder's hands, not the assessee-HUF's. Tax deductions by ultimate apartment buyers supported this conclusion. The tribunal determined that the Assessing Officer's addition of capital gains to the HUF's income was erroneous. Consequently, no capital gains would accrue to the assessee-HUF for the assessment year 2016-17, and the impugned addition was deleted. The assessee's appeal was allowed, effectively reversing the previous tax assessment and providing relief to the HUF.
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