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 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 4805
Join Channel
TaxTMI 
