Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
The ITAT Jodhpur ruled on additions made based on cash received for termination of a property purchase agreement and business expenses related to disputed agreements. The tribunal held that in the case of termination of the property agreement, the cash source was established as the property was not transferred due to non-payment by the assessee. Regarding the investment in property, the registered deed supported the claim, and objections were not raised. The business expenses were deemed legitimate and should be deducted from income. Grounds 3(a), (b), and (c) of the assessee were allowed.
The ITAT Jodhpur ruled on additions made based on cash received for termination of a property purchase agreement and business expenses related to disputed agreements. The tribunal held that in the case of termination of the property agreement, the cash source was established as the property was not transferred due to non-payment by the assessee. Regarding the investment in property, the registered deed supported the claim, and objections were not raised. The business expenses were deemed legitimate and should be deducted from income. Grounds 3(a), (b), and (c) of the assessee were allowed.
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