Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
The ITAT Jodhpur ruled on additions made based on cash received for termination of a property purchase agreement and business expenses related to disputed agreements. The tribunal held that in the case of termination of the property agreement, the cash source was established as the property was not transferred due to non-payment by the assessee. Regarding the investment in property, the registered deed supported the claim, and objections were not raised. The business expenses were deemed legitimate and should be deducted from income. Grounds 3(a), (b), and (c) of the assessee were allowed.
The ITAT Jodhpur ruled on additions made based on cash received for termination of a property purchase agreement and business expenses related to disputed agreements. The tribunal held that in the case of termination of the property agreement, the cash source was established as the property was not transferred due to non-payment by the assessee. Regarding the investment in property, the registered deed supported the claim, and objections were not raised. The business expenses were deemed legitimate and should be deducted from income. Grounds 3(a), (b), and (c) of the assessee were allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4800
Join Channel
TaxTMI 
