Steel-timber construction shuttering/formwork tariff classification dispute: essential character held steel, classified as shuttering under Heading 73...
Family-linked property purchases using fabricated loan agreements and benami-style arrangements held to be crime proceeds; attachment upheld, appeal d...
Charitable tree plantation and maintenance for environmental preservation treated as "charitable activity", exempt from GST under Notification 12/2017...
Long-term capital loss claimed on sale of shares was contested by the assessing officer for lack of documentary proof and questioned valuation; the tribunal found that the assessee produced an independent valuation and net asset value showed sale prices exceeded NAV, and the revenue failed to produce alternative valuation or rebuttal during assessment, appeal or remand proceedings, entitling the assessee to recognition of the LTCL. The AOs selective acceptance of identical losses elsewhere and failure to undertake or furnish its own valuation led to upholding the appellate authoritys allowance of the loss.
Long-term capital loss claimed on sale of shares was contested by the assessing officer for lack of documentary proof and questioned valuation; the tribunal found that the assessee produced an independent valuation and net asset value showed sale prices exceeded NAV, and the revenue failed to produce alternative valuation or rebuttal during assessment, appeal or remand proceedings, entitling the assessee to recognition of the LTCL. The AOs selective acceptance of identical losses elsewhere and failure to undertake or furnish its own valuation led to upholding the appellate authoritys allowance of the loss.
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