Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
Penalty levied u/s 271D - violation of the provisions of section 269SS - assessee sold an immovable property and received part consideration in cash - The Tribunal carefully reviewed the registered deed of sale, which clearly stated the receipt of cash as part of the consideration. The Tribunal found the assessee's contention regarding a wrong entry in the deed of sale unacceptable without material evidence. Therefore, the penalty under section 271D was upheld.
Penalty levied u/s 271D - violation of the provisions of section 269SS - assessee sold an immovable property and received part consideration in cash - The Tribunal carefully reviewed the registered deed of sale, which clearly stated the receipt of cash as part of the consideration. The Tribunal found the assessee's contention regarding a wrong entry in the deed of sale unacceptable without material evidence. Therefore, the penalty under section 271D was upheld.
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