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...
Whether disallowance under section 14A read with Rule 8D required prior recording of satisfaction: held that s.14A(2) mandates that the assessing officer must record satisfaction or dissatisfaction regarding the correctness of expenditure claimed before making an addition; absence of such recorded dissatisfaction renders the disallowance impermissible. Applying this legal precondition, the Tribunal and the appellate tax authority's factual findings rejecting the Revenue's adjustment were upheld and the Revenue's appeal dismissed. - HC
Whether disallowance under section 14A read with Rule 8D required prior recording of satisfaction: held that s.14A(2) mandates that the assessing officer must record satisfaction or dissatisfaction regarding the correctness of expenditure claimed before making an addition; absence of such recorded dissatisfaction renders the disallowance impermissible. Applying this legal precondition, the Tribunal and the appellate tax authority's factual findings rejecting the Revenue's adjustment were upheld and the Revenue's appeal dismissed. - HC
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