Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Disallowance u/s 40A(3) - cash payments of expenditures - poor creditability in the market - genuineness of such expenditure is not in dispute - AO directed to sustain disallowance u/s 40A(3) to the extent of 5% of the alleged amount.AO to sustain disallowance u/s 40A(3) to the extent of 5% of the alleged amount.
Disallowance u/s 40A(3) - cash payments of expenditures - poor creditability in the market - genuineness of such expenditure is not in dispute - AO directed to sustain disallowance u/s 40A(3) to the extent of 5% of the alleged amount.AO to sustain disallowance u/s 40A(3) to the extent of 5% of the alleged amount.
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