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Section 43CA Does Not Apply to Transfer of TDRs, Rules ITAT Nagpur
ITAT Nagpur rules that Section 43CA of the Income Tax Act is inapplicable to the transfer of Transferable Development Rights as intangible assets.
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Stamp Duty Cannot Be Levied Before Issuance of SARFAESI Sale Certificate: Bombay HC
The Bombay High Court rules that stamp duty cannot be charged before a SARFAESI sale certificate is issued, bringing clarity to auction purchasers.
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Ahmedabad ITAT Rules on Taxation of Unaccounted Cash Receipts for Builders
Learn how the Ahmedabad ITAT ruled that only a twenty percent profit element of a builders unaccounted cash receipts is subject to income tax.