Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Page of 4828
Press 'Enter' after typing page number.
161 to 180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The case pertains to the applicability of Section 43CA, which deals with the adoption of stamp duty value as the full value of consideration for computing profits and gains from the transfer of immovable property. The assessee executed an agreement for sale of a flat on 30/04/2011, with earnest money paid on 26/04/2011. However, the agreement was registered in the subsequent assessment year. The Assessing Officer (AO) adopted the stamp duty value on the date of registration, leading to a higher value than the agreement value. The CIT(A) held that since there was only one registered sale agreement executed during the year under consideration, the stamp duty value as on the date of the agreement should be adopted as the deemed sale consideration. The ITAT upheld the CIT(A)'s order, directing the AO to compute profits and gains by considering the stamp duty value as on 30/04/2011, the date of the agreement for sale, in accordance with Section 43CA(3). The provisions of Section 43CA(4) were also satisfied since earnest money was paid before the agreement date.
The case pertains to the applicability of Section 43CA, which deals with the adoption of stamp duty value as the full value of consideration for computing profits and gains from the transfer of immovable property. The assessee executed an agreement for sale of a flat on 30/04/2011, with earnest money paid on 26/04/2011. However, the agreement was registered in the subsequent assessment year. The Assessing Officer (AO) adopted the stamp duty value on the date of registration, leading to a higher value than the agreement value. The CIT(A) held that since there was only one registered sale agreement executed during the year under consideration, the stamp duty value as on the date of the agreement should be adopted as the deemed sale consideration. The ITAT upheld the CIT(A)'s order, directing the AO to compute profits and gains by considering the stamp duty value as on 30/04/2011, the date of the agreement for sale, in accordance with Section 43CA(3). The provisions of Section 43CA(4) were also satisfied since earnest money was paid before the agreement date.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
