Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
Long-term capital gain exemption u/s 54F denied - appellant utilized entire sale consideration for residential house construction before return filing - failed to establish conditions for exemption - did not deposit unutilized capital gains in specified account before due date, construction not completed within 3 years from sale date, and ownership of more than one property at time of sale not proved - appeal dismissed.
Long-term capital gain exemption u/s 54F denied - appellant utilized entire sale consideration for residential house construction before return filing - failed to establish conditions for exemption - did not deposit unutilized capital gains in specified account before due date, construction not completed within 3 years from sale date, and ownership of more than one property at time of sale not proved - appeal dismissed.
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