Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
A registered sale deed expressly allocated registration/purchase...
Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted documentary proof.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
A registered sale deed expressly allocated registration/purchase expenses to the seller, and the tribunal treated that contractual allocation as overriding the statutory presumption that the purchaser bears stamp and registration costs; because the Revenue produced no independent evidence or verification from the purchasers to rebut the deed, the tribunal concluded the claimed registration charges were properly deductible from sale consideration and deleted the assessing and appellate authorities' disallowance, directing allowance of those expenses in computing capital gain for the relevant assessment year.
A registered sale deed expressly allocated registration/purchase expenses to the seller, and the tribunal treated that contractual allocation as overriding the statutory presumption that the purchaser bears stamp and registration costs; because the Revenue produced no independent evidence or verification from the purchasers to rebut the deed, the tribunal concluded the claimed registration charges were properly deductible from sale consideration and deleted the assessing and appellate authorities' disallowance, directing allowance of those expenses in computing capital gain for the relevant assessment year.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
