6 results for “transfer pricing”+ Section 48clear
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Bench: Shri Sanjay Arora, Hon‘Ble & Shri Manomohan Das, Hon'Ble
48 months within which the conveyance of the property was envisaged to be made under the agreement. The assessee‘s return was selected for scrutiny for verification of the source of funds for purchase. The same was explained by the assessee as financed through bank borrowings (at Rs. 2.75 cr.) and the balance Rs. 94 lacs through banking channel