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 ...
The HC set aside the impugned order dated 29.04.2024 passed by Respondent No. 3 concerning assessment period 2018-2019 without examining the merits. The court found violation of principles of natural justice as proper opportunity of hearing was not provided to the petitioner, and questions arose regarding service of show cause notice and time-bar issues. The matter was remitted to Respondent No. 3 with directions to grant personal hearing to the petitioner through authorized representative before passing fresh orders. The application was disposed of accordingly.
The HC set aside the impugned order dated 29.04.2024 passed by Respondent No. 3 concerning assessment period 2018-2019 without examining the merits. The court found violation of principles of natural justice as proper opportunity of hearing was not provided to the petitioner, and questions arose regarding service of show cause notice and time-bar issues. The matter was remitted to Respondent No. 3 with directions to grant personal hearing to the petitioner through authorized representative before passing fresh orders. The application was disposed of accordingly.
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