Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Genuineness of expenditure - Consultancy charges paid to three directors of the assessee company over and above the remuneration - these directors are separately assessed to tax and have duly declared the consultancy charges received from the assessee company and paid due taxes thereon. - CIT(A) rightly deleted the additions - AT
Genuineness of expenditure - Consultancy charges paid to three directors of the assessee company over and above the remuneration - these directors are separately assessed to tax and have duly declared the consultancy charges received from the assessee company and paid due taxes thereon. - CIT(A) rightly deleted the additions - AT
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