Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
For computing LTCG under the deeming fiction of s.50C, the relevant SRO value is the value prevailing on the date of the operative "agreement to sell"/settlement document, provided the statutory preconditions are satisfied; accordingly, SRO value as on 23.11.2013 was directed for the land covered by the court-recorded compromise, and SRO value as on 12.08.2013 was directed for the land covered by the MOUs. For the balance land not traceable to the compromise/MOUs, SRO value as on the dates of the last registered sale deeds in November 2015 was directed. The appellate order was set aside and recomputation was ordered on these lines - ITAT
For computing LTCG under the deeming fiction of s.50C, the relevant SRO value is the value prevailing on the date of the operative "agreement to sell"/settlement document, provided the statutory preconditions are satisfied; accordingly, SRO value as on 23.11.2013 was directed for the land covered by the court-recorded compromise, and SRO value as on 12.08.2013 was directed for the land covered by the MOUs. For the balance land not traceable to the compromise/MOUs, SRO value as on the dates of the last registered sale deeds in November 2015 was directed. The appellate order was set aside and recomputation was ordered on these lines - ITAT
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