Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Block assessment scope under Chapter XIV-B is governed by the definition of "block period"; where an Assessment Year falls within that period Section 158BA(2) causes pending proceedings to abate insofar as they relate to the block period. The court held that (re)assessment for AY 2022 23 falls within the block period conceptually, but denied writ relief because factual prerequisites were not established-no material showed the search disclosed the petitioner's total undisclosed income or linked company searches to his individual income-so the AO retains jurisdiction under Chapter XIV B if statutory conditions are met.
Block assessment scope under Chapter XIV-B is governed by the definition of "block period"; where an Assessment Year falls within that period Section 158BA(2) causes pending proceedings to abate insofar as they relate to the block period. The court held that (re)assessment for AY 2022 23 falls within the block period conceptually, but denied writ relief because factual prerequisites were not established-no material showed the search disclosed the petitioner's total undisclosed income or linked company searches to his individual income-so the AO retains jurisdiction under Chapter XIV B if statutory conditions are met.
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