Purposive interpretation of residential house exemption: unregistered purchase agreement alone does not defeat relief, but investment must be verified...
Penalty u/s 271(1)(c) - claim of depreciation at 10% is under the bonafide belief that the residential quarters were utilized for the hospital purpose and formed part and parcel of hospital premises - mere making of a bonafide claim would not amount to furnishing of inaccurate particulars of income - no penalty - no substantial question of law arises
Penalty u/s 271(1)(c) - claim of depreciation at 10% is under the bonafide belief that the residential quarters were utilized for the hospital purpose and formed part and parcel of hospital premises - mere making of a bonafide claim would not amount to furnishing of inaccurate particulars of income - no penalty - no substantial question of law arises
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