Document Identification Number compliance renders TDS-default orders invalid where mandatory DIN requirements are breached and curative provision does...
Anti-profiteering obligations survive business demerger, complaint withdrawal, and customized supply arrangements where rate-reduction benefits are no...
Payment to an agreement holder to extinguish enforceable specific-performance rights arising from an agreement for sale qualifies as expenditure incurred wholly and exclusively in connection with a property transfer. Where the payment clears the holder's claim, improves the transferor's title and enables the sale, it is deductible when computing capital gains under section 48. The Tribunal treated the payment as analogous to expenditure incurred to remove existing rights that obstruct a transfer, deleted the related capital-gains addition, and allowed the appeal.
Payment to an agreement holder to extinguish enforceable specific-performance rights arising from an agreement for sale qualifies as expenditure incurred wholly and exclusively in connection with a property transfer. Where the payment clears the holder's claim, improves the transferor's title and enables the sale, it is deductible when computing capital gains under section 48. The Tribunal treated the payment as analogous to expenditure incurred to remove existing rights that obstruct a transfer, deleted the related capital-gains addition, and allowed the appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
