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...
Extensive renovation expenditure on leased premises - capital or revenue - in view of Explanation 1 to Section 32, it has become immaterial as to whether the assessee is the owner of the building or the lessee and there is no scope left for any interpretation since the assessee is treated as the owner of the building for the period of their occupation - CIT(A) and ITAT wrongly allowed it as revenue expenditure - to be treated as capital expenditure
Extensive renovation expenditure on leased premises - capital or revenue - in view of Explanation 1 to Section 32, it has become immaterial as to whether the assessee is the owner of the building or the lessee and there is no scope left for any interpretation since the assessee is treated as the owner of the building for the period of their occupation - CIT(A) and ITAT wrongly allowed it as revenue expenditure - to be treated as capital expenditure
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
