Form 26AS evidence requires successor-entity accounting verification after business transfer, while invoice-supported related-party advertising expend...
Money-laundering judgment timing requires awaiting the scheduled-offence decision despite continuation of the underlying trial where outcomes directly...
Accredited investor eligibility expands through securities-market exposure, while alternative investment fund disputes require prescribed resolution a...
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Indexed cost of construction and land was allowed in capital gains computation where the registered sale deed and its annexure already contained the relevant building particulars. The tribunal held that the annexure formed an integral part of the public document, so those details were not "additional evidence" requiring Rule 46A compliance. It further held that indexation under section 48 is a statutory consequence and cannot be denied on hyper-technical grounds when the material necessary to determine cost is already on record. The capital gains were therefore required to be recomputed, and treating the entire sale consideration as short-term capital gain was unsustainable.
Indexed cost of construction and land was allowed in capital gains computation where the registered sale deed and its annexure already contained the relevant building particulars. The tribunal held that the annexure formed an integral part of the public document, so those details were not "additional evidence" requiring Rule 46A compliance. It further held that indexation under section 48 is a statutory consequence and cannot be denied on hyper-technical grounds when the material necessary to determine cost is already on record. The capital gains were therefore required to be recomputed, and treating the entire sale consideration as short-term capital gain was unsustainable.
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