198 results for “transfer pricing”+ Undisclosed Incomeclear
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Bench: Shri Inturi Rama Rao & Shri Sudanshu Srivastava
income arises on sale and not on revaluation. An assessee may revalue his assets any number of times, but when that assets is sold. In cost price shall be the original price of that asset as recorded originally in the books of accounts. There is no doubt about the fact that the land was purchased with an intention of starting