Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termina...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4800
Join Channel
TaxTMI 
