Transfer pricing comparability: one support-services company accepted, government-owned and facility-management comparables excluded, forex loss claim...
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LTCG - Denial of exemption u/s 54 - the ITAT observed that, for the purpose of claiming the benefit u/s 54 of the Act, within a period of one year before or two year after the date of transfer of old house, the tax payer should acquire another residential house or should construct a residential house within a specified period of three years from the date of transfer of old house. - The Tribunal held that t assessee has not fulfilled either of the conditions mentioned in Section 54, there is no error or infirmity in the orders of the Lower Authorities in denying the benefit of deduction to the assessee u/s 54.
LTCG - Denial of exemption u/s 54 - the ITAT observed that, for the purpose of claiming the benefit u/s 54 of the Act, within a period of one year before or two year after the date of transfer of old house, the tax payer should acquire another residential house or should construct a residential house within a specified period of three years from the date of transfer of old house. - The Tribunal held that t assessee has not fulfilled either of the conditions mentioned in Section 54, there is no error or infirmity in the orders of the Lower Authorities in denying the benefit of deduction to the assessee u/s 54.
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