Transfer pricing comparability under TNMM: foreign exchange loss on ECB excluded from operating cost, and a functionally dissimilar comparator removed...
Fake AI-generated precedents vitiate adjudication, with unverified citations contaminating the decision-making process and undermining the rule of law...
Deduction under section 54F was held allowable despite non-deposit of the unutilized capital gains in the Capital Gains Account Scheme before the return due date, because the assessee had actually invested the amount in purchase or construction of a residential house within the time permitted under section 54F(1). The Tribunal held that section 54F(4) applies where the assessee seeks to retain the unutilized amount while claiming exemption; it does not by itself defeat relief when the investment condition is otherwise satisfied. The disallowance was reversed and the Assessing Officer was directed to allow the deduction.
Deduction under section 54F was held allowable despite non-deposit of the unutilized capital gains in the Capital Gains Account Scheme before the return due date, because the assessee had actually invested the amount in purchase or construction of a residential house within the time permitted under section 54F(1). The Tribunal held that section 54F(4) applies where the assessee seeks to retain the unutilized amount while claiming exemption; it does not by itself defeat relief when the investment condition is otherwise satisfied. The disallowance was reversed and the Assessing Officer was directed to allow the deduction.
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