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 ...
Stamp duty on a sale certificate issued following an insolvency liquidation e-auction is determined by the auction value where the process establishes the assets' true market value. The expression "Civil Court" in Article 16 extends to an auction conducted by a liquidator appointed under the insolvency framework, following independent valuation, reserve-price fixation, public e-auction and reporting to the Tribunal. An ASR-based valuation cannot displace the realised auction value without a valid basis to find intentional suppression or reduction of value to evade stamp duty. Registration is consequently to proceed on the auction value recorded in the liquidator's sale certificate.
Stamp duty on a sale certificate issued following an insolvency liquidation e-auction is determined by the auction value where the process establishes the assets' true market value. The expression "Civil Court" in Article 16 extends to an auction conducted by a liquidator appointed under the insolvency framework, following independent valuation, reserve-price fixation, public e-auction and reporting to the Tribunal. An ASR-based valuation cannot displace the realised auction value without a valid basis to find intentional suppression or reduction of value to evade stamp duty. Registration is consequently to proceed on the auction value recorded in the liquidator's sale certificate.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4913 
