Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
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ITAT upheld denial of deduction under s.54F for sums expended after acquisition of the dwelling, concluding such outlays constituted post-purchase renovation/modification and thus do not qualify as purchase of a new residential unit for s.54F relief. The tribunal affirmed lower authorities' rejection of the claim. Conversely, ITAT directed the AO to allow deduction under s.80C upon verification of the produced LIC premium receipt, ordering grant of the 80C claim accordingly and treating that ground as allowed for statistical purposes. The decision leaves the s.54F disallowance intact and mandates ministerial compliance by the AO regarding the 80C deduction.
ITAT upheld denial of deduction under s.54F for sums expended after acquisition of the dwelling, concluding such outlays constituted post-purchase renovation/modification and thus do not qualify as purchase of a new residential unit for s.54F relief. The tribunal affirmed lower authorities' rejection of the claim. Conversely, ITAT directed the AO to allow deduction under s.80C upon verification of the produced LIC premium receipt, ordering grant of the 80C claim accordingly and treating that ground as allowed for statistical purposes. The decision leaves the s.54F disallowance intact and mandates ministerial compliance by the AO regarding the 80C deduction.
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