Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
The ITAT denied deduction u/s 80GGC for contributing to an unrecognized political party lacking recognition by the Election Commissioner of India and infrastructure. The assessee failed to address doubts on the contribution's genuineness or provide necessary details. Lack of verification and certification of submitted documents led to dismissal of appeal. The claim was rejected due to the political party's unrecognized status.
The ITAT denied deduction u/s 80GGC for contributing to an unrecognized political party lacking recognition by the Election Commissioner of India and infrastructure. The assessee failed to address doubts on the contribution's genuineness or provide necessary details. Lack of verification and certification of submitted documents led to dismissal of appeal. The claim was rejected due to the political party's unrecognized status.
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