Case Law Details
Case Name : Arun Malhotra Vs CIT (Delhi High Court)
Appeal Number : Income tax Appeal Nos. 405/2005 & 406/2005
Date of Judgement/Order : 20/04/2018
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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Arun Malhotra Vs CIT (Delhi High Court)
Interpreting sub-section (1) to Section 52 in K.P. Varghese (supra), it was held that the said provision applies where an assessee transfers a capital asset in respect of which (i) the transferee w
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An instance in which the itat Bench is seen to have, regrettably so, according to its own convoluted thinking and illogical reasons, – to say the least- revisited an issue of a fundamental nature, though not warranted even remotely, settled long ago by the SC in the age-old famous KP Verghese case.
That bears on its sleeves the reality that the Revenue- despite repeated admonitions made / structures passed by courts frequently- has yet to make up its mind not to impudently go on persisting in and pursuing disputes and litigation, with no serious thoughts given, at the cost to the Exchequer, just for the heck/fancy of it ?! Ih short, it is a national tragedy that the FM and / or the highest Executive authority have failed to monitor and have an effective control in such purely administrative functions- anyone to disagree except to agree ?