Tag Archives: National Faceless Appeal Centre

NFAC Order Set Aside and Restored for Virtual Hearing, Quashing Consequential Penalty Orders

By | August 10, 2026
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NFAC Order Set Aside and Restored for Virtual Hearing, Quashing Consequential Penalty Orders Issue Whether the passing of an appellate order under Section 250 of the Income-tax Act, 1961 by the CIT(A) (NFAC) without granting a requested virtual hearing/video conference link violates the principles of natural justice, and whether the consequent penalty orders passed under… Read More »

A long-term lease within a family partnership firm does not constitute a capital asset transfer.

By | July 16, 2026
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A long-term lease within a family partnership firm does not constitute a capital asset transfer. A long-term lease within a family partnership firm does not constitute a capital asset transfer. Issue Whether a long-term lease of agricultural land executed by a co-owner in favor of a registered family partnership firm constitutes a “transfer” of a… Read More »