Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The ITAT partially allowed the assessee's appeal by reducing the disallowance of improvement costs from Rs. 32,98,799 to Rs. 10,00,000. The tribunal accepted the assessee's evidence regarding construction expenses on the capital asset, despite minor discrepancies in the property address. It was held that the expenditure was legitimately incurred on the plot(s) in question, and the department failed to justify the entire disallowance. The relief granted amounted to Rs. 22,98,799, subject to proper computation in accordance with law. The order clarified that this decision shall not serve as precedent in other cases.
The ITAT partially allowed the assessee's appeal by reducing the disallowance of improvement costs from Rs. 32,98,799 to Rs. 10,00,000. The tribunal accepted the assessee's evidence regarding construction expenses on the capital asset, despite minor discrepancies in the property address. It was held that the expenditure was legitimately incurred on the plot(s) in question, and the department failed to justify the entire disallowance. The relief granted amounted to Rs. 22,98,799, subject to proper computation in accordance with law. The order clarified that this decision shall not serve as precedent in other cases.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
