International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
Capital gain - STCG - compensation on the compulsory acquisition of capital assets - The ITAT noted a defect in the order of the CIT(A) as it did not provide the benefit of deduction for the written down value of Rs. 7,67,802/- and also did not give the benefit of acquisition of land with indexation cost. Upon recalculating the capital gain, the Court found that the tax liability of the assessee would reduce significantly. - Assessing Officer directed to delete the addition made.
Capital gain - STCG - compensation on the compulsory acquisition of capital assets - The ITAT noted a defect in the order of the CIT(A) as it did not provide the benefit of deduction for the written down value of Rs. 7,67,802/- and also did not give the benefit of acquisition of land with indexation cost. Upon recalculating the capital gain, the Court found that the tax liability of the assessee would reduce significantly. - Assessing Officer directed to delete the addition made.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
