Search Results for "Capital gains"

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Search Results for "Capital gains"

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High Court

"High Court Denies Hindustan Unilever Ltd.’s Writ Petition Against Income Tax Demand; Directs Appeal as Remedy" "Jurisdictional authority and tax compliance obligations scrutinized in a high-value international intellectual property rights acquisition."

23 Sep 2024

The Bombay High Court dismissed Hindustan Unilever Ltd.'s writ petition challenging a demand raised by the Deputy Commissioner of Income Tax under Sec...

High Court

"Exploring the Legal Framework on Political Defection and Local Governance in Maharashtra"

16 Jul 2024

The judgment addresses the legal framework surrounding political defections at various levels of government, including local authorities such as munic...

Supreme Court

Supreme Court Dismisses Revenue's Appeal in Income Tax Act Case Upholding Revisional Jurisdiction. Commissioner Validly Set Aside Assessment Order as Payment to Shareholders Was Not 'Cost of Improvement' Under Capital Gains Computation Under Sections 48 and 263 of Income Tax Act, 1961.

6 Apr 2023

The dispute arose from an income tax assessment concerning the sale of a property named 'Paville House' by the respondent assessee, a company engaged ...

Supreme Court

Supreme Court Dismisses Revenue's Appeal Against Quashing of Reassessment Notice Under Income Tax Act Due to Lack of Tangible Material and Improper Reliance on Income Declaration Scheme. Reassessment Initiated Based on Accommodation Entries and Declaration Under Section 183 of Finance Act, 2016 Held Invalid as AO Failed to Establish 'Reasons to Believe' Income Escaped Assessment for AY 2010-11.

28 Mar 2022

The dispute arose from a reassessment notice issued by the Commissioner of Income Tax under Sections 147/148 of the Income Tax Act, 1961, for the asse...

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