Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
The HC disposed of the writ petition and set aside the impugned assessment orders dated 26.04.2024 and 18.09.2024 issued by the 1st respondent for non-inclusion of a DIN, holding such omission vitiates the proceedings. The 1st respondent is granted liberty to recommence assessment proceedings, subject to issuing fresh notice to the petitioner and assigning a DIN to resultant orders. Concurrently, the order of bank attachment for recovery of dues stands vacated. No costs imposed.
The HC disposed of the writ petition and set aside the impugned assessment orders dated 26.04.2024 and 18.09.2024 issued by the 1st respondent for non-inclusion of a DIN, holding such omission vitiates the proceedings. The 1st respondent is granted liberty to recommence assessment proceedings, subject to issuing fresh notice to the petitioner and assigning a DIN to resultant orders. Concurrently, the order of bank attachment for recovery of dues stands vacated. No costs imposed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
