Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Interest paid on a housing loan used to acquire immovable property was held to be a financial liability and not part of the "cost of acquisition" for capital gains purposes; it is deductible, if otherwise permissible, under the head "income from house property" as revenue expenditure, and cannot be capitalised into acquisition cost, resulting in rejection of the related grounds. On an amount paid for delayed possession sought to be treated as part of acquisition cost, the matter was correctly remitted for verification whether it was actually claimed in computation; if not claimed, no disallowance/addition could be made, and the appeal against remand was rejected. - ITAT
Interest paid on a housing loan used to acquire immovable property was held to be a financial liability and not part of the "cost of acquisition" for capital gains purposes; it is deductible, if otherwise permissible, under the head "income from house property" as revenue expenditure, and cannot be capitalised into acquisition cost, resulting in rejection of the related grounds. On an amount paid for delayed possession sought to be treated as part of acquisition cost, the matter was correctly remitted for verification whether it was actually claimed in computation; if not claimed, no disallowance/addition could be made, and the appeal against remand was rejected. - ITAT
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