Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
Notional income rejected as assessee had recovered project cost from toll, advertisement and rental income, hence no designated return earned. Revenue subsidy disallowed as land was leased, not transferred by Noida. Interest u/s 43B on deep discount bonds allowed on accrual basis. Capital subsidy not to be reduced, no recomputation of depreciation. Claim of depreciation u/s 32 and brought forward depreciation remanded to CIT(A) for adjudication as not adjudicated earlier.
Notional income rejected as assessee had recovered project cost from toll, advertisement and rental income, hence no designated return earned. Revenue subsidy disallowed as land was leased, not transferred by Noida. Interest u/s 43B on deep discount bonds allowed on accrual basis. Capital subsidy not to be reduced, no recomputation of depreciation. Claim of depreciation u/s 32 and brought forward depreciation remanded to CIT(A) for adjudication as not adjudicated earlier.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4830 
Join Channel 
