Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Page of 4830
Press 'Enter' after typing page number.
141 to 160 of 96587 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The assessee was granted the benefit of cost inflation index for computing long-term capital gains on sale of shares of a foreign company. The Tribunal held that the second proviso to Section 48 does not distinguish between assets held in India and foreign countries for allowing indexation benefit. Accordingly, the Assessing Officer was not justified in denying indexation benefit to the assessee. The CIT(A)'s order was affirmed and the Revenue's appeal was dismissed.
The assessee was granted the benefit of cost inflation index for computing long-term capital gains on sale of shares of a foreign company. The Tribunal held that the second proviso to Section 48 does not distinguish between assets held in India and foreign countries for allowing indexation benefit. Accordingly, the Assessing Officer was not justified in denying indexation benefit to the assessee. The CIT(A)'s order was affirmed and the Revenue's appeal was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4830 
Join Channel 
