Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Nominee director protection shields independent financial-institution appointees from criminal liability where they lack involvement in deposit defaul...
Rural agricultural land does not constitute a capital asset for income-tax purposes. Compensation received on its compulsory acquisition under the RFCTLARR Act is exempt from income tax, applying Circular No. 36/2016. Accordingly, such compensation cannot be assessed as short-term capital gain, and the addition made on that basis was deleted.
Rural agricultural land does not constitute a capital asset for income-tax purposes. Compensation received on its compulsory acquisition under the RFCTLARR Act is exempt from income tax, applying Circular No. 36/2016. Accordingly, such compensation cannot be assessed as short-term capital gain, and the addition made on that basis was deleted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4878 
