Condonation of delay permits statutory appeal restoration where inadequate service explanation prevented consideration of reassessment and taxable-inc...
Limitation in customs appeals permits exclusion for bona fide refund proceedings, enabling restoration of Bill of Entry assessment challenges on merit...
Warehousing permission requires deposit at the designated bonded warehouse; unauthorised diversion triggers confiscation, redemption fine and importer...
Computation of capital Gain - Disallowance being expenses towards the additional work undertaken by the assessee in respect of the flat purchased by her for a consideration - The Tribunal accepted the assessee's evidence, including bank statements and agreements with contractors, as sufficient proof of the additional construction work. Recognized that the housing loan was jointly taken by the assessee and her husband for purchasing and improving the flat. Confirmed that the entire transaction, including the additional work and loan repayment, was reflected in the assessee's accounts. Disallowed the AO's findings due to lack of contrary evidence and deleted the addition.
Computation of capital Gain - Disallowance being expenses towards the additional work undertaken by the assessee in respect of the flat purchased by her for a consideration - The Tribunal accepted the assessee's evidence, including bank statements and agreements with contractors, as sufficient proof of the additional construction work. Recognized that the housing loan was jointly taken by the assessee and her husband for purchasing and improving the flat. Confirmed that the entire transaction, including the additional work and loan repayment, was reflected in the assessee's accounts. Disallowed the AO's findings due to lack of contrary evidence and deleted the addition.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
