Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
The ITAT admitted additional grounds and, given the age of the assessee and the need for fairness, allowed one further opportunity to produce evidence on the source of investment in the foreign property, mortgage repayments, and residential status at the time of acquisition and repayment. It noted that the existing material did not conclusively establish the assessee's claim that the property was bought while non-resident from overseas earnings and mortgage finance, but it expressly declined to decide the factual merits or legal objections. The appellate order was set aside and the matter was restored to the CIT(A) for de novo adjudication, with all contentions left open.
The ITAT admitted additional grounds and, given the age of the assessee and the need for fairness, allowed one further opportunity to produce evidence on the source of investment in the foreign property, mortgage repayments, and residential status at the time of acquisition and repayment. It noted that the existing material did not conclusively establish the assessee's claim that the property was bought while non-resident from overseas earnings and mortgage finance, but it expressly declined to decide the factual merits or legal objections. The appellate order was set aside and the matter was restored to the CIT(A) for de novo adjudication, with all contentions left open.
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