Transfer pricing adjustments for software services, corporate guarantees, expense characterisation and foreign tax credit affirmed under arm's length ...
Scientific Research approval for Sikshya O Anusandhan under section 35(1)(ii) granted subject to reporting, certification, and compliance requirements...
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.
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