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...
Exemption u/s. 54 - outer limit for the purchase or construction of the new asset 54(2) - it can safely be gathered that the conscious, purposive and intentional providing by the legislature of “date of furnishing the return of income u/s 139” cannot be substituted and narrowed down to Sec.139(1)- time limit provided for filing of the ‘return of income’ will include return u/s 139(4) as well as the revised return u/s 139(5)
Exemption u/s. 54 - outer limit for the purchase or construction of the new asset 54(2) - it can safely be gathered that the conscious, purposive and intentional providing by the legislature of “date of furnishing the return of income u/s 139” cannot be substituted and narrowed down to Sec.139(1)- time limit provided for filing of the ‘return of income’ will include return u/s 139(4) as well as the revised return u/s 139(5)
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
