SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Revision u/s 263 - provision of s.56(2)(vii)(b)(ii) was applicable - market value of the subject property vs stamp value - the stated sale consideration is not the actual sale consideration and, therefore, the deeming of sec. 56(2)(vii)(b) shall apply - the difference in value may well have been paid upon or prior to the execution of the sale deed and its presentation for registration - This is as, where so, the addition would in that case arise only for AY 2013-14, and not AY 2014-15, the current year. - AT
Revision u/s 263 - provision of s.56(2)(vii)(b)(ii) was applicable - market value of the subject property vs stamp value - the stated sale consideration is not the actual sale consideration and, therefore, the deeming of sec. 56(2)(vii)(b) shall apply - the difference in value may well have been paid upon or prior to the execution of the sale deed and its presentation for registration - This is as, where so, the addition would in that case arise only for AY 2013-14, and not AY 2014-15, the current year. - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
