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...
Disallowance of exemption u/s 54F - assessee failed to deposit unutilized funds in a capital gains account scheme before filing the return of income u/s 139(1) - reopening of assessment - Right given to the assessee u/s 139(4) cannot be lost merely because proceedings were initiated u/s 147 - assessee has filed return u/s 139(1) within the time allowed u/s 139(4) - claim allowed.
Disallowance of exemption u/s 54F - assessee failed to deposit unutilized funds in a capital gains account scheme before filing the return of income u/s 139(1) - reopening of assessment - Right given to the assessee u/s 139(4) cannot be lost merely because proceedings were initiated u/s 147 - assessee has filed return u/s 139(1) within the time allowed u/s 139(4) - claim allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
