Audit Report Alone Is Not Proof of Loss: Himachal Pradesh High Court Rejects ₹2.54 Crore Insurance Claim Filed by Co-operative Bank for Employee Fraud Divisional Commissioner Has No Jurisdiction to Cancel Sale Permission Once Conveyance Is Complete: Bombay High Court Rules in Landmark Land Transfer Case Once Land Is Vested Under LDP Act, There Is No Lapse, No Going Back: Calcutta High Court Refuses Fresh Acquisition Under 2013 Act Mere Plea of Oral Partition Not Sufficient Without Corroborative Evidence: Karnataka High Court

"TAXATION LAW" Digest

Background: The present appeal was filed against the judgment and order passed by the High Court and ITAT in a tax dispute between the appellant (Commissioner of Income Tax, Mumbai) and the respondent (Kunal Constructions) relating to the nature of a certain transaction in the assessment year 2010-11. Issue: Whether the transaction in question was a sale of capital assets or a sale of stock in ...