Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
One-time clubhouse charges, corpus fund contributions and municipal taxes paid to a developer during acquisition may form part of a residential property's cost of acquisition where they have a direct and proximate nexus with obtaining the asset and its attendant rights. Cost is not limited to the basic sale price; the purpose of each payment, its commercial context and supporting evidence determine its treatment. Clubhouse charges linked to the flat, non-refundable corpus contributions for enduring common infrastructure, and municipal taxes collected during construction may qualify where they are not recurring post-acquisition liabilities. Such amounts are includible in the relevant cost components for capital-gains computation, with consequential indexation where otherwise admissible.
One-time clubhouse charges, corpus fund contributions and municipal taxes paid to a developer during acquisition may form part of a residential property's cost of acquisition where they have a direct and proximate nexus with obtaining the asset and its attendant rights. Cost is not limited to the basic sale price; the purpose of each payment, its commercial context and supporting evidence determine its treatment. Clubhouse charges linked to the flat, non-refundable corpus contributions for enduring common infrastructure, and municipal taxes collected during construction may qualify where they are not recurring post-acquisition liabilities. Such amounts are includible in the relevant cost components for capital-gains computation, with consequential indexation where otherwise admissible.
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