Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
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 
