Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
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...
HC granted regular bail to petitioner accused of fraudulent Input Tax Credit involving fake invoices. After suffering 2 months and 6 days of custody, the court emphasized fundamental legal principles that bail is a general rule and detention an exception. Applying Article 21 constitutional protections and following precedential jurisprudence on right to speedy trial, the court directed petitioner's release on bail bonds, recognizing that indefinite detention serves no purpose and no one should be considered guilty before proof beyond reasonable doubt.
HC granted regular bail to petitioner accused of fraudulent Input Tax Credit involving fake invoices. After suffering 2 months and 6 days of custody, the court emphasized fundamental legal principles that bail is a general rule and detention an exception. Applying Article 21 constitutional protections and following precedential jurisprudence on right to speedy trial, the court directed petitioner's release on bail bonds, recognizing that indefinite detention serves no purpose and no one should be considered guilty before proof beyond reasonable doubt.
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