Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
Exemption/deduction u/s 54F - New investment made in wife's name. Sec.54F allows purchase/construction within specified timelines. No requirement for same sale proceeds to be utilized. Precedent supports liberal construction of Sec. 54F. Assessee paid Rs. 20 Lacs for construction, supporting claim. Common interest of assessee and wife in investment. Eligible for deduction. Precedent allows full deduction for joint investment with spouse. AO directed to allow claim.
Exemption/deduction u/s 54F - New investment made in wife's name. Sec.54F allows purchase/construction within specified timelines. No requirement for same sale proceeds to be utilized. Precedent supports liberal construction of Sec. 54F. Assessee paid Rs. 20 Lacs for construction, supporting claim. Common interest of assessee and wife in investment. Eligible for deduction. Precedent allows full deduction for joint investment with spouse. AO directed to allow claim.
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