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...
HC dismissed the writ petition as misconceived and premature, declining to exercise extraordinary jurisdiction where statutory authorities remain seised of ongoing investigation into transactions between the petitioner and the named suppliers. The court refused to make factual findings or to issue a mandamus directing unblocking of the electronic credit ledger, noting the blocking is confined to specified ITC claims and that no prejudice to the petitioner during the DGGI investigation was demonstrated. Absent final adjudication by the competent authority, the HC refused to usurp fact-finding functions and dismissed the petition without ordering restoration of the blocked input tax credit.
HC dismissed the writ petition as misconceived and premature, declining to exercise extraordinary jurisdiction where statutory authorities remain seised of ongoing investigation into transactions between the petitioner and the named suppliers. The court refused to make factual findings or to issue a mandamus directing unblocking of the electronic credit ledger, noting the blocking is confined to specified ITC claims and that no prejudice to the petitioner during the DGGI investigation was demonstrated. Absent final adjudication by the competent authority, the HC refused to usurp fact-finding functions and dismissed the petition without ordering restoration of the blocked input tax credit.
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