Cooperative society deposits, member-interest TDS exemption and credit-facility deduction claims require verification through records and supporting e...
Customs jurisdiction over EPCG condition breaches survives export-obligation discharge certificates, requiring alleged fraud and misdeclaration to be ...
Contractual tolerance requires consideration; breach recoveries, qualifying public infrastructure services and road works escape service tax liability...
Section 54 exemption may extend to a residential property comprising multiple floors where the floors are acquired as one property through reinvestment of capital gains; separate physical structuring or potential independent use alone does not establish multiple houses. The Tribunal directed exemption for the property as a whole. For capital-gains computation, rejection of registered valuers' land valuations without identified defects or a DVO reference, while accepting the superstructure valuation, was treated as impermissible. The unrebutted valuation report and material builder's certificate were required to be considered, and capital gains were directed to be recomputed accordingly.
Section 54 exemption may extend to a residential property comprising multiple floors where the floors are acquired as one property through reinvestment of capital gains; separate physical structuring or potential independent use alone does not establish multiple houses. The Tribunal directed exemption for the property as a whole. For capital-gains computation, rejection of registered valuers' land valuations without identified defects or a DVO reference, while accepting the superstructure valuation, was treated as impermissible. The unrebutted valuation report and material builder's certificate were required to be considered, and capital gains were directed to be recomputed accordingly.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
