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...
The HC granted relief to the Petitioner, directing the tax authority to comply with statutory obligations under the CGST Act regarding seizure, copying and return of electronic devices and documents. The court held that inspection, search and seizure powers rest with the revenue, but materials not relied upon must be returned within 30 days and copies of seized data must be furnished to the Petitioner unless a written record shows prejudice to investigation. Finding that data extraction and cloning had largely been completed, the HC ordered the proprietor of the Petitioner to appear in person before an Authorised Officer to receive copies of the entire dataset and documents. The petition was disposed of accordingly.
The HC granted relief to the Petitioner, directing the tax authority to comply with statutory obligations under the CGST Act regarding seizure, copying and return of electronic devices and documents. The court held that inspection, search and seizure powers rest with the revenue, but materials not relied upon must be returned within 30 days and copies of seized data must be furnished to the Petitioner unless a written record shows prejudice to investigation. Finding that data extraction and cloning had largely been completed, the HC ordered the proprietor of the Petitioner to appear in person before an Authorised Officer to receive copies of the entire dataset and documents. The petition was disposed of accordingly.
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