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...
The Delhi HC in PCIT vs. Inderjit Singh Sodhi HUF held that interest, whether on compensation or enhanced compensation received on acquisition of land u/ss 28 or 34 of the Land Acquisition Act, 1894, shall be taxable as 'Income from Other Sources' u/s 56(2)(viii), distinguishing the SC's decision in CIT vs. Ghanshyam HUF and concurring with the P&H HC's ruling in Mahender Pal Narang vs. CBDT on the amended provisions of Section 56(2).
The Delhi HC in PCIT vs. Inderjit Singh Sodhi HUF held that interest, whether on compensation or enhanced compensation received on acquisition of land u/ss 28 or 34 of the Land Acquisition Act, 1894, shall be taxable as 'Income from Other Sources' u/s 56(2)(viii), distinguishing the SC's decision in CIT vs. Ghanshyam HUF and concurring with the P&H HC's ruling in Mahender Pal Narang vs. CBDT on the amended provisions of Section 56(2).
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