Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Conversion of tenancy right into ownership requires treating the market value of the ownership interest received in exchange as the cost of acquisition for capital gains computation; the tribunal directs the AO to use the fair market value of the flats acquired under the development agreement dated 22.07.2008 as cost of acquisition and to re-compute capital gains accordingly. The tribunal rejects the taxpayer's claims for capital gains exemptions under reinvestment provisions because supporting documents were not furnished, and therefore those exemption claims fail.
Conversion of tenancy right into ownership requires treating the market value of the ownership interest received in exchange as the cost of acquisition for capital gains computation; the tribunal directs the AO to use the fair market value of the flats acquired under the development agreement dated 22.07.2008 as cost of acquisition and to re-compute capital gains accordingly. The tribunal rejects the taxpayer's claims for capital gains exemptions under reinvestment provisions because supporting documents were not furnished, and therefore those exemption claims fail.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4826 
Join Channel 
