Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expen...
Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires ...
Customs transaction value rejection requires communicated reasonable doubt, while written reassessment acceptance preserves challenges to enhanced val...
Challenge-mechanism compliance clarifications permitted, while unilateral revised resolution plans may be refused under creditors' commercial discreti...
Attachment under the Prevention of Money Laundering Act did not prevent a co-operative housing society from redeveloping its building where the attached flat's replacement remained subject to attachment. The attachment had to be disclosed in redevelopment documents, and all accruals relating to the attached flat had to be deposited exclusively in the designated Enforcement Directorate account. The replacement flat was entitled to the same redevelopment benefits as other members. A bank guarantee was not required because it would impose financial pressure before redevelopment terms were finalised. Redevelopment was permitted subject to these safeguards.
Attachment under the Prevention of Money Laundering Act did not prevent a co-operative housing society from redeveloping its building where the attached flat's replacement remained subject to attachment. The attachment had to be disclosed in redevelopment documents, and all accruals relating to the attached flat had to be deposited exclusively in the designated Enforcement Directorate account. The replacement flat was entitled to the same redevelopment benefits as other members. A bank guarantee was not required because it would impose financial pressure before redevelopment terms were finalised. Redevelopment was permitted subject to these safeguards.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
