Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
LTCG or STCG - Sale of ground floor of residential unit - whether it give rise to long term capital gains or short term capital gains - Computation from period of holding from the date of getting right in the property or from the date of taking the possession - taking delivery of possession is only a formality. Therefore, reckoning the period from the date of advance, we hold that the sale of ground floor give raise to long term capital gains and not short term capital gains as held by the CIT. - AT
LTCG or STCG - Sale of ground floor of residential unit - whether it give rise to long term capital gains or short term capital gains - Computation from period of holding from the date of getting right in the property or from the date of taking the possession - taking delivery of possession is only a formality. Therefore, reckoning the period from the date of advance, we hold that the sale of ground floor give raise to long term capital gains and not short term capital gains as held by the CIT. - AT
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