Independent manufacturing undertaking eligibility preserves Section 80IA/80IB deductions, while machinery kept ready for use qualifies for depreciatio...
Assessing Officer Satisfaction Requirement Bars Penalty for Cash Receipt in Immovable-Property Sale Cases Where Initiation Lacks Recorded Satisfaction...
Self-assessed import entries remain appealable, while bona fide classification disputes without misdeclaration cannot justify confiscation or penaltie...
Page of 4896
Press 'Enter' after typing page number.
681 to 700 of 97907 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Cost of improvement of a residential flat requires capital expenditure that adds to or alters the capital asset. Routine repairs and removable articles, including furnishings and de cor not embedded in the property, merely remain associated with the flat and do not qualify; their disallowance was sustained. The description assigned to an item is not conclusive for alleged permanent installations. Their eligibility depends on whether each item is capital in nature and forms an integral addition or alteration to the flat. As the installation and nature of the remaining items had not been examined item-wise, the claim was restored for verification of supporting material and a reasoned determination after hearing the taxpayer.
Cost of improvement of a residential flat requires capital expenditure that adds to or alters the capital asset. Routine repairs and removable articles, including furnishings and de cor not embedded in the property, merely remain associated with the flat and do not qualify; their disallowance was sustained. The description assigned to an item is not conclusive for alleged permanent installations. Their eligibility depends on whether each item is capital in nature and forms an integral addition or alteration to the flat. As the installation and nature of the remaining items had not been examined item-wise, the claim was restored for verification of supporting material and a reasoned determination after hearing the taxpayer.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4896 
