Search and seizure: abatement of earlier search bars use of prior seized material in later search-based assessments; relief limited to new documents f...
Admission of additional evidence under remand rules must await a meaningful remand report; failure to do so breaches natural justice and mandates rema...
Export Obligation Discharge Certificates for EPCG compliance cannot be questioned by Customs unless DGFT adjudicates and cancels them, so demands quas...
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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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