Interesting Ruling : Salwar / Churidhar sets, comprising of three pieces of cloths is to be classified as “Fabrics” or “articles of apparel and made up”?
Validity of assessment under section 153C if there is Non-recording of satisfaction by AO of searched person
It is obligatory on AO|s part to consider such ‘Notes’ while determining the book profit under section 115JB.
Increased limitation period of seven years under section 201(3), as amended by Finance (No. 2) Act, 2014, with effect from 1-10-2014, would not apply retrospectively
Validity of Penalty under section 271AAB—Leviability if no specific charge mentioned in notice initiating penalty proceedings
Another Judgment : Holding period for computation of capital gain need to be considered from the date of allotment
Interesting issues : Capital Gain exemption under section 54F is available on the basis of actual sale consideration or stamp duty valuation under section 50C