Clubbing of income from gifted property failed where the claim surfaced after reassessment limitation, sustaining capital-gains assessment in spouse's...
Employee stock-option discount qualifies as revenue expenditure, while royalty and service comparables require reliable functional and transactional b...
Special insurance income computation preserves statutory deductions while limiting transfer-pricing, withholding and disallowance adjustments for gene...
Service of a reassessment notice by affixture at an address differing from that in the registered sale deed requires proof of due diligence, confirmation of the correct property, and verification by local witnesses or neighbours. Without those safeguards, substituted service is invalid and section 292BB does not preclude an objection to defective service. Reassessment proceedings cannot validly commence where the notice has not been properly served.
Service of a reassessment notice by affixture at an address differing from that in the registered sale deed requires proof of due diligence, confirmation of the correct property, and verification by local witnesses or neighbours. Without those safeguards, substituted service is invalid and section 292BB does not preclude an objection to defective service. Reassessment proceedings cannot validly commence where the notice has not been properly served.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
