Indirect corporate control can create related-party status, excluding financial creditors from Committee of Creditors representation, participation an...
Scientific research association approval requires continuing SIRO status, annual donation reporting, and donor certificates for the approved foundatio...
Scientific research institution approval is conditional on SIRO recognition, annual donation reporting, donor certification, and prescribed compliance...
Characterization of gain on sale of property - nature of transaction - transfer of capital assets or transfer of stock in trade - ITAT has without examining any of the relevant factors confirmed that the transaction was transfer of stock in trade. - The High Court has also failed to appreciate that even in the event of acceptance of claim made by the assessee, the differential amount on account of reduction in sale consideration of development rights was to be assessed in the current year as either capital gain or business income. - Matter restored back to ITAT - SC
Characterization of gain on sale of property - nature of transaction - transfer of capital assets or transfer of stock in trade - ITAT has without examining any of the relevant factors confirmed that the transaction was transfer of stock in trade. - The High Court has also failed to appreciate that even in the event of acceptance of claim made by the assessee, the differential amount on account of reduction in sale consideration of development rights was to be assessed in the current year as either capital gain or business income. - Matter restored back to ITAT - SC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
