Compulsorily convertible debentures remain debt before conversion, preventing transfer-pricing and interest-deduction disallowances on the stated fact...
Stock-in-trade transfer taxability follows possession and consideration, not later conveyance registration, limiting deemed-value provisions to the ac...
Alternative statutory remedy under GST bars writ challenge where classification, notice variance, and hearing disputes require factual appellate revie...
Retrospective amendment to the definition of wealth-tax assets extends the agricultural-land exclusion to land classified as agricultural in revenue records and used for agricultural purposes. Where agricultural activity is undisputed, the amended exclusion governs the relevant assessment year, including AY 2008-09. Such land falls outside taxable wealth, and tax demand recovered in respect of it may be claimed by refund.
Retrospective amendment to the definition of wealth-tax assets extends the agricultural-land exclusion to land classified as agricultural in revenue records and used for agricultural purposes. Where agricultural activity is undisputed, the amended exclusion governs the relevant assessment year, including AY 2008-09. Such land falls outside taxable wealth, and tax demand recovered in respect of it may be claimed by refund.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4910 
