Interactive flat panels meeting automatic data processing conditions are distinguished from monitors, while later classification clarifications apply ...
Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
ITAT allowed the assessee's appeal in part, holding that payments made to the builder for civil, plumbing and electrical works constituted part of cost of acquisition and permitting Rs.11,35,023 as cost of acquisition, noting receipts and payment statements and absence of bank records due to account closure. Concurrently ITAT sustained exclusion of certain improvement claims, directing the AO to disallow Rs.5,49,644 as personal effects or non-deductible items, while accepting that embedded permanent fixtures qualify as part of capital improvement. Claims for air travel, boarding, meals, local transport and related expenses were disallowed as not incurred "wholly and exclusively" in connection with the transfer.
ITAT allowed the assessee's appeal in part, holding that payments made to the builder for civil, plumbing and electrical works constituted part of cost of acquisition and permitting Rs.11,35,023 as cost of acquisition, noting receipts and payment statements and absence of bank records due to account closure. Concurrently ITAT sustained exclusion of certain improvement claims, directing the AO to disallow Rs.5,49,644 as personal effects or non-deductible items, while accepting that embedded permanent fixtures qualify as part of capital improvement. Claims for air travel, boarding, meals, local transport and related expenses were disallowed as not incurred "wholly and exclusively" in connection with the transfer.
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