Approved gratuity fund provisions remain deductible despite general actual-payment requirements, preventing revision of the allowed gratuity deduction...
Verification of intangible software expenditure and duplicated disallowances requires record-based reassessment before depreciation and income computa...
Cash receipt aggregation requires a single transaction, event or occasion; separate partner capital contributions cannot attract cash-receipt penaltie...
Stamp duty on a sale certificate issued following an insolvency liquidation e-auction is determined by the auction value where the process establishes the assets' true market value. The expression "Civil Court" in Article 16 extends to an auction conducted by a liquidator appointed under the insolvency framework, following independent valuation, reserve-price fixation, public e-auction and reporting to the Tribunal. An ASR-based valuation cannot displace the realised auction value without a valid basis to find intentional suppression or reduction of value to evade stamp duty. Registration is consequently to proceed on the auction value recorded in the liquidator's sale certificate.
Stamp duty on a sale certificate issued following an insolvency liquidation e-auction is determined by the auction value where the process establishes the assets' true market value. The expression "Civil Court" in Article 16 extends to an auction conducted by a liquidator appointed under the insolvency framework, following independent valuation, reserve-price fixation, public e-auction and reporting to the Tribunal. An ASR-based valuation cannot displace the realised auction value without a valid basis to find intentional suppression or reduction of value to evade stamp duty. Registration is consequently to proceed on the auction value recorded in the liquidator's sale certificate.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4923 
