Purposive interpretation of residential house exemption: unregistered purchase agreement alone does not defeat relief, but investment must be verified...
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Disallowance of expenses - Disallowance has been merely made on the observation that some of the expenditure are incurred in cash and some vouchers are self made - merely making a ad-hoc disallowance and completely disregarding the audited financial statements was certainly not justified on the part of Ld.A.O.
Disallowance of expenses - Disallowance has been merely made on the observation that some of the expenditure are incurred in cash and some vouchers are self made - merely making a ad-hoc disallowance and completely disregarding the audited financial statements was certainly not justified on the part of Ld.A.O.
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