PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Indexed cost of acquisition disallowed based on DVO report u/s 142A. Assessee's valuer determined cost at Rs. 89,800 per sq. yard, DVO at Rs. 72,000 per sq. meter. Properties not exactly located in Gulmohar Colony. Realistic estimation based on land area, road width, land cost, FMV of structure, land rate per sq. meter. Assessee's property 418.06 sq. meters, 100 ft. main road, back service lane. Baseline property 337.11 sq. meters, 45 ft. internal road, no service lane. Assessee's valuation closer to sale date. No mistake in assessee's valuation. No addition for land cost warranted. Brokerage, documentation, litigation, mutation/conversion, probate expenses allowed as compulsory for acquisition and sale. Appeal allowed.
Indexed cost of acquisition disallowed based on DVO report u/s 142A. Assessee's valuer determined cost at Rs. 89,800 per sq. yard, DVO at Rs. 72,000 per sq. meter. Properties not exactly located in Gulmohar Colony. Realistic estimation based on land area, road width, land cost, FMV of structure, land rate per sq. meter. Assessee's property 418.06 sq. meters, 100 ft. main road, back service lane. Baseline property 337.11 sq. meters, 45 ft. internal road, no service lane. Assessee's valuation closer to sale date. No mistake in assessee's valuation. No addition for land cost warranted. Brokerage, documentation, litigation, mutation/conversion, probate expenses allowed as compulsory for acquisition and sale. Appeal allowed.
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