Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
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Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
LTCG - deduction u/s 54 new residential premises - Relevance of date of possession or date of agreement - Regarding the determination of the date of acquisition for the new property, the Tribunal emphasized that the essence of the transaction should be considered. It noted that the appellants had acquired the right to purchase the property through an agreement while it was still under construction. Therefore, the Tribunal concluded that the date of possession, when the property became inhabitable, should be considered as the date of acquisition.
LTCG - deduction u/s 54 new residential premises - Relevance of date of possession or date of agreement - Regarding the determination of the date of acquisition for the new property, the Tribunal emphasized that the essence of the transaction should be considered. It noted that the appellants had acquired the right to purchase the property through an agreement while it was still under construction. Therefore, the Tribunal concluded that the date of possession, when the property became inhabitable, should be considered as the date of acquisition.
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