Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
LTCG - Long term capital assets or short term - Period of holding of assets - Part of the property (i.e. 66.92 sq.mtr. outof 302.86 sq.mtr.) held with the assessee less than 36 months as the same was conveyed to the daughter of the appellant on 16.03.2006 and reversed back on 30.07.2015 - Assessee is eligible for the benefit of LTCT and exemption u/s 54F only for the area of land admeasuring to 235.94 sq.mtr. - AO directed to recompute the long term capital gain accordingly - AT
LTCG - Long term capital assets or short term - Period of holding of assets - Part of the property (i.e. 66.92 sq.mtr. outof 302.86 sq.mtr.) held with the assessee less than 36 months as the same was conveyed to the daughter of the appellant on 16.03.2006 and reversed back on 30.07.2015 - Assessee is eligible for the benefit of LTCT and exemption u/s 54F only for the area of land admeasuring to 235.94 sq.mtr. - AO directed to recompute the long term capital gain accordingly - AT
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