Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
Sale of shares allotted to the assessee under employee stock option plan[ ESOP] and taking the sale value above fair market value as income from other source u/s 56 (2) (vii) - there is no transfer of any controlling interest - assessee has sold the shares and has not received any other property - AO directed to tax gain arising on the sale of about shares under the head capital gain only.
Sale of shares allotted to the assessee under employee stock option plan[ ESOP] and taking the sale value above fair market value as income from other source u/s 56 (2) (vii) - there is no transfer of any controlling interest - assessee has sold the shares and has not received any other property - AO directed to tax gain arising on the sale of about shares under the head capital gain only.
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