Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Interest earned by a co-operative credit society on investments with other co-operative banks is discussed as qualifying for deduction under section 80P(2)(d), alternatively to the claim under section 80P(2)(a)(i). The text states that section 80P(4), which excludes co-operative banks from the deduction, does not remove the investing society's entitlement where the recipient bank remains a co-operative society. It further notes reliance on jurisdictional Tribunal decisions and preference for the interpretation favourable to the assessee where non-jurisdictional High Court views conflict. The stated result is deletion of the disallowance and allowance of deduction for both assessment years.
Interest earned by a co-operative credit society on investments with other co-operative banks is discussed as qualifying for deduction under section 80P(2)(d), alternatively to the claim under section 80P(2)(a)(i). The text states that section 80P(4), which excludes co-operative banks from the deduction, does not remove the investing society's entitlement where the recipient bank remains a co-operative society. It further notes reliance on jurisdictional Tribunal decisions and preference for the interpretation favourable to the assessee where non-jurisdictional High Court views conflict. The stated result is deletion of the disallowance and allowance of deduction for both assessment years.
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