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...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Deduction u/s 54 - Proportionate deduction - Denial of deduction as capital gains arising out of sale of original asset was not deposited in the Capital Gain Deposit Account - If the assessee failed to do so, he is liable for capital gain on the transfer of capital asset. - the assessee is entitled for deduction only to the extent of amount used for purchase of residential site only - AT
Deduction u/s 54 - Proportionate deduction - Denial of deduction as capital gains arising out of sale of original asset was not deposited in the Capital Gain Deposit Account - If the assessee failed to do so, he is liable for capital gain on the transfer of capital asset. - the assessee is entitled for deduction only to the extent of amount used for purchase of residential site only - AT
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