Educational approval requires mandatory State registration, but incidental surplus and trustee-owned land do not prove private benefit or profit motiv...
Judicial review of settlement orders cannot reopen settled customs notices, while statutory interest remains subject to verification and quantificatio...
Customs Broker licence lending for consideration justified revocation where exporter authorisation and client verification obligations were also breac...
Fraudulent import documents suspend limitation protection, while redemption of confiscated goods requires duty and interest despite bona fide purchase...
ODR arbitration participation remains mandatory after failed conciliation, while jurisdictional and maintainability objections stay available before t...
Transparency in technical bid evaluation requires disclosed standards and recorded reasons; opaque scoring invalidated tender awards and required fres...
Automated export obligation extensions remove separate regional applications after committee approval for Advance Authorisation and EPCG authorisation...
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ITAT remanded matter to AO for verification of agricultural land's distance from GHMC municipal limits as of sale date 07.09.2007. Land constitutes capital asset under Section 2(14)(iii)(b) if within 8 km radius of notified municipality. Tribunal upheld CIT(A)'s allowance of Section 54F exemption but clarified investment deadline extends to delayed return filing date under Section 139(4), not merely due date. Section 54B exemption properly restricted to registered sale deed values, rejecting higher agreement amounts. Cost of improvement deduction denied due to insufficient substantiation beyond rough notebook entries. AO directed to allow investments made up to delayed return filing date and verify land distance for capital asset determination.
ITAT remanded matter to AO for verification of agricultural land's distance from GHMC municipal limits as of sale date 07.09.2007. Land constitutes capital asset under Section 2(14)(iii)(b) if within 8 km radius of notified municipality. Tribunal upheld CIT(A)'s allowance of Section 54F exemption but clarified investment deadline extends to delayed return filing date under Section 139(4), not merely due date. Section 54B exemption properly restricted to registered sale deed values, rejecting higher agreement amounts. Cost of improvement deduction denied due to insufficient substantiation beyond rough notebook entries. AO directed to allow investments made up to delayed return filing date and verify land distance for capital asset determination.
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