Judgement

The ITAT Bangalore held that TDR received against surrender of land has an ascertainable acquisition cost


ITAT Holds Sale of Transferable Development Rights Taxable as Capital Gains

ITAT holds enhanced Section 115BBE tax rate cannot apply to pre-amendment survey disclosures.

Survey Surrender Made Before Demonetisation; ITAT Rules Higher 60% Tax Under Amended Section 115BBE Cannot Be Applied Retrospectively

Articles

ROC Chandigarh imposed a Rs 50,000 penalty on Raj Sharma for holding two DINs. He had obtained a second DIN by mistake and later surrendered it through proper procedure.

ROC Chandigarh Imposes Penalty on Director for Holding Two DINs

The ROC Vijayawada found that holding two DINs violates Sections 152, 155, and 156 of the Companies Act, 2013 and imposed a ₹50,000 penalty under Section 454, despite the noticee’s voluntary surrender of one DIN.

Penalty for Dual DIN: ROC Vijayawada Takes Action under Section 454

The Calcutta HC quashes the RBI's rejection of the NBFC surrender application and mandates a hearing and fresh decision after PBC compliance.

HC Invalidates RBI Rejection of NBFC Exit Application

Tribunal upholds the deletion of the penalty where surrendered income was duly recorded and accepted as business income in return.

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ITAT Holds Sale of Transferable Development Rights Taxable as Capital Gains

Survey Surrender Made Before Demonetisation; ITAT Rules Higher 60% Tax Under Amended Section 115BBE Cannot Be Applied Retrospectively

ROC Chandigarh Imposes Penalty on Director for Holding Two DINs

Penalty for Dual DIN: ROC Vijayawada Takes Action under Section 454

HC Invalidates RBI Rejection of NBFC Exit Application

ITAT Deletes Penalty on Survey Income Declared and Accepted in Return