Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
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...
Assessee utilized long-term capital gain from sale of immovable property for purchase of new residential property within permissible time period. Purchase consideration for new house exceeded sale consideration received on transfer of immovable property. Appellate Tribunal directed Assessing Officer to recompute taxable total income by allowing deduction u/s 54 for investment in new residential house property against capital gains from sale of immovable property, despite assessee's failure to file return of income initially.
Assessee utilized long-term capital gain from sale of immovable property for purchase of new residential property within permissible time period. Purchase consideration for new house exceeded sale consideration received on transfer of immovable property. Appellate Tribunal directed Assessing Officer to recompute taxable total income by allowing deduction u/s 54 for investment in new residential house property against capital gains from sale of immovable property, despite assessee's failure to file return of income initially.
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