Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Section 54F relief was held available where sale consideration was invested in a residential house before filing the return under section 139(4), so deposit in the capital gains account was not required. The Tribunal also held that an undivided one-third share in a single contiguous residential property did not amount to ownership of two separate houses, so the assessee was not disentitled on that ground. It further ruled that section 54F must be applied asset-wise: shares of each company were separate capital assets, and long-term capital loss could not be used to deny exemption on gains from other assets.
Section 54F relief was held available where sale consideration was invested in a residential house before filing the return under section 139(4), so deposit in the capital gains account was not required. The Tribunal also held that an undivided one-third share in a single contiguous residential property did not amount to ownership of two separate houses, so the assessee was not disentitled on that ground. It further ruled that section 54F must be applied asset-wise: shares of each company were separate capital assets, and long-term capital loss could not be used to deny exemption on gains from other assets.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4823 
Join Channel 
