Pre-trial bail granted where custodial period, documentary prosecution, and magistrate-triable offence favor release subject to surety and no witness ...
Allowability of Salary Exemptions: Form 16 entries can substantiate HRA and other salary exemptions, and home loan interest is deductible for a self-o...
Capital gains exemption: payment for plot, architect fees and bona fide commencement of construction can satisfy utilisation requirement and secure re...
Where consideration for immovable property is paid wholly or partly through banking channels on or before the allotment or agreement date, the proviso to section 56(2)(x)(b)(B) requires stamp duty value to be taken as on that date, not the registration date. The lower authorities' reliance on registration-date valuation was treated as inconsistent with that proviso. Because the assessee produced a ready reckoner extract and valuation report relevant to the allotment date, that material was admitted as additional evidence, and the matter was sent back for verification of the valuation and fresh decision after hearing the assessee.
Where consideration for immovable property is paid wholly or partly through banking channels on or before the allotment or agreement date, the proviso to section 56(2)(x)(b)(B) requires stamp duty value to be taken as on that date, not the registration date. The lower authorities' reliance on registration-date valuation was treated as inconsistent with that proviso. Because the assessee produced a ready reckoner extract and valuation report relevant to the allotment date, that material was admitted as additional evidence, and the matter was sent back for verification of the valuation and fresh decision after hearing the assessee.
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