Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Correct head of income - LTCG OR Business income - engaged in the business of building construction and land developers - land shown in balance sheet as investment - it is always open to an assessee to hold the same class of assets as investment and also as stock-in-trade - There is no bar in law for a person dealing in land to also have investment in land
Correct head of income - LTCG OR Business income - engaged in the business of building construction and land developers - land shown in balance sheet as investment - it is always open to an assessee to hold the same class of assets as investment and also as stock-in-trade - There is no bar in law for a person dealing in land to also have investment in land
Note: It is a system-generated summary and is for quick reference only.
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