Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Capital gains exemption through a Capital Gains Account Scheme deposit is discussed as available where bank records and a certificate establish that the deposit was made under the prescribed scheme; the section 54 disallowance was deleted. The taxability of gains from sale of rural agricultural land depends on verifying whether the land was within eight kilometres of municipal limits; the matter was remitted for factual verification and fresh adjudication. Indexation must be allowed when computing capital gains on the residential property, requiring consequential recomputation after resolution of the exemption claim.
Capital gains exemption through a Capital Gains Account Scheme deposit is discussed as available where bank records and a certificate establish that the deposit was made under the prescribed scheme; the section 54 disallowance was deleted. The taxability of gains from sale of rural agricultural land depends on verifying whether the land was within eight kilometres of municipal limits; the matter was remitted for factual verification and fresh adjudication. Indexation must be allowed when computing capital gains on the residential property, requiring consequential recomputation after resolution of the exemption claim.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
