Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
Original works exemption excludes standalone boulder transportation, leaving subcontracted railway-project transport services subject to service tax l...
Annual production capacity determinations excluding stenter galleries support refunds for unconstitutional excise levies without an unjust-enrichment ...
Vicarious liability for cheque dishonour requires specific allegations of responsibility and cheque signatory; generic director allegations cannot sus...
IT Resilience Index requires market infrastructure institutions to automate resilience scoring, early warnings, and continuous service-delivery monito...
Transfer of a flat under a development arrangement was held not to generate STCG because the assessee never received possession or "held" the first-floor flat; the buyer was put in vacant possession during construction and conveyance was executed directly, so the assessee's transfer was of undivided land share with attributable improvement cost, warranting LTCG treatment; AO directed to compute LTCG and CIT(A) set aside. Expenditure incurred to deliver a finished area to the original lessor under a pre-existing lease obligation was allowable in computing capital gains under s. 48; addition deleted. Exemption under s. 54(2) was allowed since amounts kept in term deposits were actually utilized for construction within the stipulated period despite not being parked in CGDS; AO directed to grant exemption. - ITAT
Transfer of a flat under a development arrangement was held not to generate STCG because the assessee never received possession or "held" the first-floor flat; the buyer was put in vacant possession during construction and conveyance was executed directly, so the assessee's transfer was of undivided land share with attributable improvement cost, warranting LTCG treatment; AO directed to compute LTCG and CIT(A) set aside. Expenditure incurred to deliver a finished area to the original lessor under a pre-existing lease obligation was allowable in computing capital gains under s. 48; addition deleted. Exemption under s. 54(2) was allowed since amounts kept in term deposits were actually utilized for construction within the stipulated period despite not being parked in CGDS; AO directed to grant exemption. - ITAT
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