Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Page of 4801
Press 'Enter' after typing page number.
861 to 880 of 96001 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The HC held that Section 194LA, when read ejusdem generis with the phrase "payment thereof in cash or by issue of a cheque or draft," does not extend to transfer of development rights (TDR) certificates issued in lieu of land acquisition compensation; thus TDR issuance falls outside Section 194LA's TDS mandate. The court found analogous provisions addressing payment in kind absent from Section 194LA, thereby accepting the Petitioner's strong prima facie case for interim relief. Pending final hearing, the HC stayed operation and implementation of the impugned order dated 31 March 2025 under ss. 201 and 201(1A) of the IT Act, and consequently stayed the demand notice and penalty order dated 30 September 2025 under s. 274 read with s. 271C and attendant demands.
The HC held that Section 194LA, when read ejusdem generis with the phrase "payment thereof in cash or by issue of a cheque or draft," does not extend to transfer of development rights (TDR) certificates issued in lieu of land acquisition compensation; thus TDR issuance falls outside Section 194LA's TDS mandate. The court found analogous provisions addressing payment in kind absent from Section 194LA, thereby accepting the Petitioner's strong prima facie case for interim relief. Pending final hearing, the HC stayed operation and implementation of the impugned order dated 31 March 2025 under ss. 201 and 201(1A) of the IT Act, and consequently stayed the demand notice and penalty order dated 30 September 2025 under s. 274 read with s. 271C and attendant demands.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
