Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
Rental receipts from commercial spaces let out in an organised manner with utilities, amenities and staff were held taxable as business income, because the assessee's dominant activity was commercial exploitation of business assets rather than mere ownership of property. The Tribunal also applied the rule of consistency, noting that the Revenue had accepted the same treatment in earlier scrutiny years without any change in facts or law. The assessment under the head house property was vacated. An estimated disallowance of expenses was deleted because the assessee had produced supporting details, no specific defect in expenditure was identified, the books were not rejected, and the factual basis for the disallowance was incorrect.
Rental receipts from commercial spaces let out in an organised manner with utilities, amenities and staff were held taxable as business income, because the assessee's dominant activity was commercial exploitation of business assets rather than mere ownership of property. The Tribunal also applied the rule of consistency, noting that the Revenue had accepted the same treatment in earlier scrutiny years without any change in facts or law. The assessment under the head house property was vacated. An estimated disallowance of expenses was deleted because the assessee had produced supporting details, no specific defect in expenditure was identified, the books were not rejected, and the factual basis for the disallowance was incorrect.
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