Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Trust exempt u/s 11 - Capital gain computed u/ss 45-49, investment in public sector company treated as permitted capital asset u/s 11(1A). Entire capital gain utilized for purchasing immovable property, AO directed to verify and allow relief. Interest income from fixed deposits and savings accounts, being income from permitted mode of investment u/s 11(5), eligible for deduction u/s 11(1), CIT(A)'s separate disallowance set aside.
Trust exempt u/s 11 - Capital gain computed u/ss 45-49, investment in public sector company treated as permitted capital asset u/s 11(1A). Entire capital gain utilized for purchasing immovable property, AO directed to verify and allow relief. Interest income from fixed deposits and savings accounts, being income from permitted mode of investment u/s 11(5), eligible for deduction u/s 11(1), CIT(A)'s separate disallowance set aside.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
