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...
Deduction u/s 48(i) - expenditure incurred wholly and exclusive in connection with the transfer of Long Term Capital Asset - In the facts of the present case, undisputedly, the payment made by the assessee is certainly for removing encumbrance and perfecting the title over the property sold. Otherwise, the transaction would have failed. - Claim u/s 48(i) allowed - AT
Deduction u/s 48(i) - expenditure incurred wholly and exclusive in connection with the transfer of Long Term Capital Asset - In the facts of the present case, undisputedly, the payment made by the assessee is certainly for removing encumbrance and perfecting the title over the property sold. Otherwise, the transaction would have failed. - Claim u/s 48(i) allowed - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
