Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Date of acquisition for computation of LTCG - if allotment is not a conditional allotment and do not envisages cancellation of the allotted property, in any manner then the assessee has acquired right in a specific property on date of allotment - Subsequently, execution of agreement of sale was nothing but mere improvement in assessee’s existing rights to acquire a specific property - Gain is long term capital gain
Date of acquisition for computation of LTCG - if allotment is not a conditional allotment and do not envisages cancellation of the allotted property, in any manner then the assessee has acquired right in a specific property on date of allotment - Subsequently, execution of agreement of sale was nothing but mere improvement in assessee’s existing rights to acquire a specific property - Gain is long term capital gain
Note: It is a system-generated summary and is for quick reference only.
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