Fair market value under section 50C must reflect existing property condition, not hypothetical development, and statutory valuation steps must be foll...
Expenses written off - abandoned project - similar project was abandoned during the earlier year - those part of the expenditure incurred during the year which are identical to the earlier year, which have been written off by the assessee as abandoned cannot be allowed as revenue expenditure during the year. - AT
Expenses written off - abandoned project - similar project was abandoned during the earlier year - those part of the expenditure incurred during the year which are identical to the earlier year, which have been written off by the assessee as abandoned cannot be allowed as revenue expenditure during the year. - AT
Note: It is a system-generated summary and is for quick reference only.
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