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...
Exemption/deduction u/s 54F - New investment made in wife's name. Sec.54F allows purchase/construction within specified timelines. No requirement for same sale proceeds to be utilized. Precedent supports liberal construction of Sec. 54F. Assessee paid Rs. 20 Lacs for construction, supporting claim. Common interest of assessee and wife in investment. Eligible for deduction. Precedent allows full deduction for joint investment with spouse. AO directed to allow claim.
Exemption/deduction u/s 54F - New investment made in wife's name. Sec.54F allows purchase/construction within specified timelines. No requirement for same sale proceeds to be utilized. Precedent supports liberal construction of Sec. 54F. Assessee paid Rs. 20 Lacs for construction, supporting claim. Common interest of assessee and wife in investment. Eligible for deduction. Precedent allows full deduction for joint investment with spouse. AO directed to allow claim.
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