Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
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)
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