Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
Rebuttable search presumptions and corroboration standards shaped deletion of unsubstantiated additions, while rental income and limited profit estima...
Where an immovable property purchase was supported by an earlier agreement, earlier possession and cheque payments made before registration, the relevant consideration was treated as that prior arrangement rather than the later registered deed. On that basis, adopting the stamp duty value as on the registration date for an addition under section 56(2)(x)(b)(B) was unjustified because the record showed the transaction had been agreed and partly performed earlier. The addition was deleted.
Where an immovable property purchase was supported by an earlier agreement, earlier possession and cheque payments made before registration, the relevant consideration was treated as that prior arrangement rather than the later registered deed. On that basis, adopting the stamp duty value as on the registration date for an addition under section 56(2)(x)(b)(B) was unjustified because the record showed the transaction had been agreed and partly performed earlier. The addition was deleted.
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