Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
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In redevelopment arrangements, permanent alternate accommodation is treated as a continuation of ownership rights in the original flat rather than a newly acquired capital asset. The holding period runs from the allotment or crystallisation of enforceable rights under the redevelopment arrangement; additional area received, whether purchased from the developer or transferred by a family member, also arises from those pre-existing rights and is not separately dissected. Where that period exceeds the statutory threshold, gains on sale are long-term capital gains, allowing indexed acquisition cost and residential-house capital-gains exemption under sections 54/54F in accordance with law.
In redevelopment arrangements, permanent alternate accommodation is treated as a continuation of ownership rights in the original flat rather than a newly acquired capital asset. The holding period runs from the allotment or crystallisation of enforceable rights under the redevelopment arrangement; additional area received, whether purchased from the developer or transferred by a family member, also arises from those pre-existing rights and is not separately dissected. Where that period exceeds the statutory threshold, gains on sale are long-term capital gains, allowing indexed acquisition cost and residential-house capital-gains exemption under sections 54/54F in accordance with law.
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