Transfer-pricing aggregation of distinct support-service and subcontract transactions was rejected, while debt-free receivables attracted no notional ...
Customs exemptions cover photovoltaic assembly machinery and PVF backsheets, while fully declared cleared imports may avoid confiscation and penalties...
Specific tariff classification for LCD devices overrides treatment as electricity-meter parts, defeating differential duty, extended limitation, and p...
Stayed disciplinary punishment does not establish unfitness for insolvency professional registration; reconsideration must disregard mere pendency of ...
Contractual and decree-based rights to obtain conveyance of immovable property constitute capital assets, and their assignment is a transfer taxable under Capital Gains rather than Income from Other Sources. Indexed cost of improvement requires verification of supporting documents and was remanded for fresh examination. The residential-house exemption claim was also remanded for consideration of evidence on fund utilisation, land acquisition and Capital Gains Account Scheme transactions. In alleged penny-stock transactions, surrounding circumstances and preponderance of probabilities may outweigh contract notes, banking records and demat statements; the share-sale proceeds were sustained as unexplained cash credit and the capital-gains exemption was denied.
Contractual and decree-based rights to obtain conveyance of immovable property constitute capital assets, and their assignment is a transfer taxable under Capital Gains rather than Income from Other Sources. Indexed cost of improvement requires verification of supporting documents and was remanded for fresh examination. The residential-house exemption claim was also remanded for consideration of evidence on fund utilisation, land acquisition and Capital Gains Account Scheme transactions. In alleged penny-stock transactions, surrounding circumstances and preponderance of probabilities may outweigh contract notes, banking records and demat statements; the share-sale proceeds were sustained as unexplained cash credit and the capital-gains exemption was denied.
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TaxTMI 
TaxTMI 
of 4891 
