Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
The ITAT Indore ruled on LTCG deduction u/s 54B for agricultural lands bought in the wife and family's names, but funded entirely by the assessee. Citing SHRI LAXMI NARAYAN case, the tribunal held that Section 54B allows investments in the name of spouse and minors. Since the assessee used own funds from the sale of original asset, the deduction cannot be denied based on the lands being in family members' names. Assessee's appeal allowed.
The ITAT Indore ruled on LTCG deduction u/s 54B for agricultural lands bought in the wife and family's names, but funded entirely by the assessee. Citing SHRI LAXMI NARAYAN case, the tribunal held that Section 54B allows investments in the name of spouse and minors. Since the assessee used own funds from the sale of original asset, the deduction cannot be denied based on the lands being in family members' names. Assessee's appeal allowed.
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