Road restoration charges constitute taxable services when requested for commercial pipeline activity, requiring reverse-charge GST from the business r...
Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expen...
Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires ...
Section 43CA permits agreement-date stamp duty valuation for computing business profits on transfer of land or building held as stock-in-trade where the agreement fixing consideration precedes registration and part consideration is received otherwise than in cash on or before the agreement date. Receipt through RTGS satisfies the non-cash condition. Where the agreed consideration and sale terms remain unchanged until registration, profits from the sale are computed using the stamp duty value prevailing on the agreement date rather than the registration date.
Section 43CA permits agreement-date stamp duty valuation for computing business profits on transfer of land or building held as stock-in-trade where the agreement fixing consideration precedes registration and part consideration is received otherwise than in cash on or before the agreement date. Receipt through RTGS satisfies the non-cash condition. Where the agreed consideration and sale terms remain unchanged until registration, profits from the sale are computed using the stamp duty value prevailing on the agreement date rather than the registration date.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4910 
