Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
A rent reasonableness certificate was invalid because the hiring...
Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh review.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
A rent reasonableness certificate was invalid because the hiring committee failed to consider the lease deed supplied by the petitioner and the applicable fair-rent assessment or reassessment material. The relevant norms required assessment through recognised valuation principles and prevailing market rent for private buildings leased by Central Government departments. Non-consideration of these relevant materials vitiated the certificate. The High Court quashed the certificate and directed the competent respondents to reconsider the request after considering the lease deed and applicable fair-rent assessment material within the stipulated period.
A rent reasonableness certificate was invalid because the hiring committee failed to consider the lease deed supplied by the petitioner and the applicable fair-rent assessment or reassessment material. The relevant norms required assessment through recognised valuation principles and prevailing market rent for private buildings leased by Central Government departments. Non-consideration of these relevant materials vitiated the certificate. The High Court quashed the certificate and directed the competent respondents to reconsider the request after considering the lease deed and applicable fair-rent assessment material within the stipulated period.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
