Retrospective application of beneficial circulars upheld, binding officers and granting post adjudication relief where adjudication occurred after cir...
Admissibility of Investigation Statements requires witness examination before the adjudicating authority; otherwise statements cannot sustain a penalt...
Transaction value and connected person treatment in excise valuation: proprietary concerns not inter connected undertakings, relief on valuation and c...
Appointment of Registrars as adjudicating officers under Companies Act reallocates territorial jurisdiction and sets appeal route to Regional Director...
Composite supply of drilling services and site specific chemicals characterised as composite supply; prior advance rulings set aside, tax rate left op...
Deduction for reinvestment of long-term capital gains into agricultural land is analysed with focus on whether a purchase constitutes a transfer for tax relief. The document reasons that where purchase consideration was paid, possession received, and the purchase deed ultimately registered, the transaction satisfies the legal attributes of transfer and purchase for claiming relief; consequently the reinvestment deduction is available. The decision rejects treating the sale proceeds as unexplained receipts and concludes that the purchasers entitlement to deduction accrues when the transfer takes effect, allowing the claim under the relevant deduction provision.
Deduction for reinvestment of long-term capital gains into agricultural land is analysed with focus on whether a purchase constitutes a transfer for tax relief. The document reasons that where purchase consideration was paid, possession received, and the purchase deed ultimately registered, the transaction satisfies the legal attributes of transfer and purchase for claiming relief; consequently the reinvestment deduction is available. The decision rejects treating the sale proceeds as unexplained receipts and concludes that the purchasers entitlement to deduction accrues when the transfer takes effect, allowing the claim under the relevant deduction provision.
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