The Tribunal held that different floors of the same building constitute one residential house. Deduction under Section 54 cannot be denied on the ground of structural division.
This piece explains how speculative and unaccounted money overtakes genuine economic value, creating artificial growth. It highlights how such imbalance leads to financial bubbles and eventual economic collapse.
The issue involved non-compliance with statutory requirements for maintaining board meeting minutes. The authority held that procedural lapses still attract penalties under Section 118.
The authority dropped penalty proceedings after finding that the company had already shifted its registered office and the error was unintentional. Timely compliance and lack of mala fide intent proved crucial.
The circular shifts SLAs from a renewal-based licensing system to a registration regime with annual fees. This ensures continuity of registration subject to compliance.
The circular responds to reduced investor activity affecting public issue timelines. SEBI extended observation validity subject to compliance confirmation. The measure supports issuers while ensuring adherence to disclosure norms.
The new rules replace legacy forms with a structured, renumbered system. They simplify compliance while expanding reporting requirements across tax domains.
The tribunal held that proportionate reversal of credit for trading is sufficient compliance. It ruled that full reversal under Rule 6(3A) is not mandatory.
The law replaces Form 26QE with Form 141 for VDA transactions from April 2026. Taxpayers must follow the new challan-cum-statement system for TDS compliance.
The court set aside denial of ITC refund based on intermediary classification without proper examination. It remanded the matter for fresh adjudication considering agreements and legal precedents.
