CBDT Instruction 1994 dated 11-05-1994 – Permissible holding of Gold not liable for seizure in search operation
Applicability of the provisions of section 194-I of the Income-tax Act in respect of payments made to a hotel for rooms.
When no limitation is provided in the statute for initiation of action and passing the order, held that the same has to be done within a reasonable time which according to the Tribunal was four years.
Refund couldn’t be rejected on ground that it was adjusted against tax arears in absence of sec. 156 notice
Date of agreement to sale can be considered as the date of transfer and not the date of conveyance deed.