Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
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...
Denial of exemption u/ss 11 and 12 due to car purchase in trustee's name using funds meant for charitable purposes. Assessee's argument of registering car in managing trustee's name to save taxes rejected. CIT(A) upheld Assessing Officer's decision. Assessee failed to provide details supporting car's use for charitable activities. Claim of submitting vehicle log book dismissed as unsupported. ITAT affirmed denial of exemption.
Denial of exemption u/ss 11 and 12 due to car purchase in trustee's name using funds meant for charitable purposes. Assessee's argument of registering car in managing trustee's name to save taxes rejected. CIT(A) upheld Assessing Officer's decision. Assessee failed to provide details supporting car's use for charitable activities. Claim of submitting vehicle log book dismissed as unsupported. ITAT affirmed denial of exemption.
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