Imported analyser diagnostic cartridges treated as accessories with analyser system, not standalone diagnostic reagents; extended limitation and penal...
Steel-timber construction shuttering/formwork tariff classification dispute: essential character held steel, classified as shuttering under Heading 73...
Family-linked property purchases using fabricated loan agreements and benami-style arrangements held to be crime proceeds; attachment upheld, appeal d...
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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