Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
The Assessing Officer (AO) erred in considering the agreed rent as per the agreement instead of the actual rent received from M/s. Mobivil Technologies India Pvt. Ltd. of Rs. 3,74,879/- and TDS deducted thereon of Rs. 37,492/-. The addition made by the AO on the difference between the actual rent received and agreed rent was unjustified. The assessee raised bills under "office rent" and paid CGST & SGST on the monthly rent received. Therefore, the addition made by the AO and confirmed by the CIT(A) was deleted.
The Assessing Officer (AO) erred in considering the agreed rent as per the agreement instead of the actual rent received from M/s. Mobivil Technologies India Pvt. Ltd. of Rs. 3,74,879/- and TDS deducted thereon of Rs. 37,492/-. The addition made by the AO on the difference between the actual rent received and agreed rent was unjustified. The assessee raised bills under "office rent" and paid CGST & SGST on the monthly rent received. Therefore, the addition made by the AO and confirmed by the CIT(A) was deleted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4788
Join Channel
TaxTMI 
