Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Page of 4803
Press 'Enter' after typing page number.
301 to 320 of 96047 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
ITAT upheld the AO and CIT(A)'s adoption of the stamp duty value of Rs.67,14,284 as full value of consideration under s.50C, finding no infirmity and noting no request for DVO reference. On s.54 exemption, ITAT accepted in principle the assessee's asserted 2:1 contribution ratio to the new residential property and directed the AO to verify actual contributions of the assessee and spouse and grant exemption proportionately if substantiated. Regarding indexed cost of improvements, ITAT found the absence of bank entry not determinative given the antiquity of the works and directed the AO to allow the claimed indexed improvement cost if contractor bills and supporting evidence credibly establish payment.
ITAT upheld the AO and CIT(A)'s adoption of the stamp duty value of Rs.67,14,284 as full value of consideration under s.50C, finding no infirmity and noting no request for DVO reference. On s.54 exemption, ITAT accepted in principle the assessee's asserted 2:1 contribution ratio to the new residential property and directed the AO to verify actual contributions of the assessee and spouse and grant exemption proportionately if substantiated. Regarding indexed cost of improvements, ITAT found the absence of bank entry not determinative given the antiquity of the works and directed the AO to allow the claimed indexed improvement cost if contractor bills and supporting evidence credibly establish payment.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
