Clubbing of income from gifted property failed where the claim surfaced after reassessment limitation, sustaining capital-gains assessment in spouse's...
Employee stock-option discount qualifies as revenue expenditure, while royalty and service comparables require reliable functional and transactional b...
Special insurance income computation preserves statutory deductions while limiting transfer-pricing, withholding and disallowance adjustments for gene...
Look Out Circulars constitute coercive restraints on the right to travel abroad and require a continuing factual basis; a pending money-laundering investigation alone does not justify their routine continuation. Relevant considerations include compliance with summons, provision of requested material, prior travel without evasion, absence of court-imposed travel restrictions, and lack of evidence of abscondence, non-compliance or obstruction. Travel-related safeguards may require advance disclosure of travel particulars, a valid email address and full cooperation with the investigation to ensure continued availability.
Look Out Circulars constitute coercive restraints on the right to travel abroad and require a continuing factual basis; a pending money-laundering investigation alone does not justify their routine continuation. Relevant considerations include compliance with summons, provision of requested material, prior travel without evasion, absence of court-imposed travel restrictions, and lack of evidence of abscondence, non-compliance or obstruction. Travel-related safeguards may require advance disclosure of travel particulars, a valid email address and full cooperation with the investigation to ensure continued availability.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4910 
