Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
Gain on sale of crypto currency (bitcoin) prior to AY 2022-23 is chargeable to tax as capital gain. Deduction u/s 54F is allowed since assessee held crypto currency for more than 36 months. ITAT allowed the assessee's grounds - income on sale of crypto currency is taxable as long-term capital gain and deduction u/s 54F of the IT Act is applicable.
Gain on sale of crypto currency (bitcoin) prior to AY 2022-23 is chargeable to tax as capital gain. Deduction u/s 54F is allowed since assessee held crypto currency for more than 36 months. ITAT allowed the assessee's grounds - income on sale of crypto currency is taxable as long-term capital gain and deduction u/s 54F of the IT Act is applicable.
Note: It is a system-generated summary and is for quick reference only.
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