Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termina...
ITAT adjudicated a tax dispute involving long-term capital gains (LTCG) and cost of acquisition determination. The tribunal directed the Assessing Officer (AO) to adopt fair market value based on an open auction transaction in a nearby village, rejecting previous valuation methods. Regarding section 54B deduction, the tribunal partially allowed the assessee's claim, permitting deduction for agricultural land purchased in the assessee's name and disallowing deduction for land purchased in the spouse's name. The decision emphasized consistent valuation principles and legal interpretation of land acquisition and tax deduction provisions, ultimately providing a nuanced resolution to the tax assessment challenges.
ITAT adjudicated a tax dispute involving long-term capital gains (LTCG) and cost of acquisition determination. The tribunal directed the Assessing Officer (AO) to adopt fair market value based on an open auction transaction in a nearby village, rejecting previous valuation methods. Regarding section 54B deduction, the tribunal partially allowed the assessee's claim, permitting deduction for agricultural land purchased in the assessee's name and disallowing deduction for land purchased in the spouse's name. The decision emphasized consistent valuation principles and legal interpretation of land acquisition and tax deduction provisions, ultimately providing a nuanced resolution to the tax assessment challenges.
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