Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
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The ITAT Surat held that the assessee failed to fulfill conditions for LTCG deduction u/s 54F but allowed the deduction. The assessee used advance payments for construction of a new house. The ITAT cited M. George Jeoseph case to support the claim. Payments made to parties before and after filing return were justified. The ITAT referred to the ITO Vs. Rekha Shetty case to emphasize compliance with the main requirement of section 54. The CIT(A) approved deduction, noting genuine expenses for house construction. All payments to parties were supported by evidence. The Revenue's appeal was dismissed.
The ITAT Surat held that the assessee failed to fulfill conditions for LTCG deduction u/s 54F but allowed the deduction. The assessee used advance payments for construction of a new house. The ITAT cited M. George Jeoseph case to support the claim. Payments made to parties before and after filing return were justified. The ITAT referred to the ITO Vs. Rekha Shetty case to emphasize compliance with the main requirement of section 54. The CIT(A) approved deduction, noting genuine expenses for house construction. All payments to parties were supported by evidence. The Revenue's appeal was dismissed.
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