Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Payment of remuneration made to a retired partner - assessee contended that AO’s observation to the effect that the clause of the partnership deed creating liability to pay certain amount to the retiring partner is “defeating the intention of the legislature” and thus, the clause supersedes the provisions of the Income–tax Act itself, is not only whimsical, but also fanciful; and that there is no basis for this wide sweeping, but wrong observation - Contention accepted - claim allowed - AT
Payment of remuneration made to a retired partner - assessee contended that AO’s observation to the effect that the clause of the partnership deed creating liability to pay certain amount to the retiring partner is “defeating the intention of the legislature” and thus, the clause supersedes the provisions of the Income–tax Act itself, is not only whimsical, but also fanciful; and that there is no basis for this wide sweeping, but wrong observation - Contention accepted - claim allowed - AT
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TaxTMI 
TaxTMI 
