Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Genuineness of the donation for a charitable activity - assessee has lent its hands by giving donation of ₹ 7 lakhs - when the genuineness of the donation for a charitable activity could not be controverted by AO then the amount used as application of the income of the assessee is definitely an allowable expenditure.
Genuineness of the donation for a charitable activity - assessee has lent its hands by giving donation of ₹ 7 lakhs - when the genuineness of the donation for a charitable activity could not be controverted by AO then the amount used as application of the income of the assessee is definitely an allowable expenditure.
Note: It is a system-generated summary and is for quick reference only.
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