Search and seizure: abatement of earlier search bars use of prior seized material in later search-based assessments; relief limited to new documents f...
Admission of additional evidence under remand rules must await a meaningful remand report; failure to do so breaches natural justice and mandates rema...
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 4809 
Join Channel 
