Cooperative society deposits, member-interest TDS exemption and credit-facility deduction claims require verification through records and supporting e...
Customs jurisdiction over EPCG condition breaches survives export-obligation discharge certificates, requiring alleged fraud and misdeclaration to be ...
Contractual tolerance requires consideration; breach recoveries, qualifying public infrastructure services and road works escape service tax liability...
Capital gain computation - Allowability of transfer expenses [brokerage, air tickets, hotel accommodation receipts, postal charges receipts, conveyance charges, lawyer fees, photocopying expenses] u/s Section 48(i) - Considering the specific circumstances of the case, where the assessee was a non-resident individual, the Tribunal found that the expenses incurred for obtaining special power of attorney from the Indian Consulate in the USA, air tickets, hotel accommodation, postal charges, conveyance charges, lawyer fees, and photocopying expenses were essential for effecting the transfer of the property. - The ITAT concluded that the claimed expenses were indeed allowable u/s 48(i)
Capital gain computation - Allowability of transfer expenses [brokerage, air tickets, hotel accommodation receipts, postal charges receipts, conveyance charges, lawyer fees, photocopying expenses] u/s Section 48(i) - Considering the specific circumstances of the case, where the assessee was a non-resident individual, the Tribunal found that the expenses incurred for obtaining special power of attorney from the Indian Consulate in the USA, air tickets, hotel accommodation, postal charges, conveyance charges, lawyer fees, and photocopying expenses were essential for effecting the transfer of the property. - The ITAT concluded that the claimed expenses were indeed allowable u/s 48(i)
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
