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...
Agriculture land sold by assessee not a capital asset u/s 2(14)(iii) as it was situated outside municipal limits of Mohali as per notification and population of village below prescribed threshold. Long term capital gains on sale of agriculture land, being not a capital asset, cannot be taxed. Addition made by AO deleted. Grounds allowed in favor of assessee.
Agriculture land sold by assessee not a capital asset u/s 2(14)(iii) as it was situated outside municipal limits of Mohali as per notification and population of village below prescribed threshold. Long term capital gains on sale of agriculture land, being not a capital asset, cannot be taxed. Addition made by AO deleted. Grounds allowed in favor of assessee.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
