Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Capital gain computation - lease rental expenses are related to the transfer of slump sale business while computing the capital gain u/s 48(1) or not? - The Tribunal upheld the CIT(A)'s decision to allow the deduction of the additional expenditure, emphasizing its relation to the transfer of the business. Additionally, it affirmed the CIT(A)'s authority to recompute deductions and allowed the expenses incurred in the assessment year, despite crystallizing later. The Tribunal's decision was based on the finding that the expenses were integral to the transfer process.
Capital gain computation - lease rental expenses are related to the transfer of slump sale business while computing the capital gain u/s 48(1) or not? - The Tribunal upheld the CIT(A)'s decision to allow the deduction of the additional expenditure, emphasizing its relation to the transfer of the business. Additionally, it affirmed the CIT(A)'s authority to recompute deductions and allowed the expenses incurred in the assessment year, despite crystallizing later. The Tribunal's decision was based on the finding that the expenses were integral to the transfer process.
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