Questions arising from miscellaneous application orders cannot challenge unaltered Tribunal findings, leaving the original order separately challengea...
Transfer-pricing comparability filters require fresh arm's-length analysis, while delayed receivables need separate reconsideration with working-capit...
Section 153C jurisdiction requires timely deemed search and assessee-specific satisfaction material; otherwise reassessment must use the proper statut...
Deduction u/s 80IB(7A) was denied as income from sale of shop, though built by assessee, was not owned or operated as integral part of multiplex at time of accrual. Assessee lost ownership and operating power over shop, an integral part of multiplex theatre. Contention that similar disallowance was not made in previous year when income was shown under 'Capital Gains' was rejected as no precedent of assessing such income under 'Business income'. Case laws relied upon were held irrelevant.
Deduction u/s 80IB(7A) was denied as income from sale of shop, though built by assessee, was not owned or operated as integral part of multiplex at time of accrual. Assessee lost ownership and operating power over shop, an integral part of multiplex theatre. Contention that similar disallowance was not made in previous year when income was shown under 'Capital Gains' was rejected as no precedent of assessing such income under 'Business income'. Case laws relied upon were held irrelevant.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4886 
