Pre-trial bail granted where custodial period, documentary prosecution, and magistrate-triable offence favor release subject to surety and no witness ...
Allowability of Salary Exemptions: Form 16 entries can substantiate HRA and other salary exemptions, and home loan interest is deductible for a self-o...
Capital gains exemption: payment for plot, architect fees and bona fide commencement of construction can satisfy utilisation requirement and secure re...
Depreciation on fixed assets funded by project subsidy was allowed, as the Tribunal followed the assessee's own earlier year decision and held that subsidy did not by itself justify denial of depreciation. Additional depreciation on new plant and machinery was remitted for fresh verification because the nature, use and acquisition purpose of the machinery had not been properly examined. Expenditure on Mahila Netruva Vikas Gokul Gram was also sent back, since bills and vouchers were not produced to establish genuineness. Deduction under section 80P(2)(d) on interest from co-operative banks was upheld, the Tribunal applying its consistent view that such interest qualifies for relief.
Depreciation on fixed assets funded by project subsidy was allowed, as the Tribunal followed the assessee's own earlier year decision and held that subsidy did not by itself justify denial of depreciation. Additional depreciation on new plant and machinery was remitted for fresh verification because the nature, use and acquisition purpose of the machinery had not been properly examined. Expenditure on Mahila Netruva Vikas Gokul Gram was also sent back, since bills and vouchers were not produced to establish genuineness. Deduction under section 80P(2)(d) on interest from co-operative banks was upheld, the Tribunal applying its consistent view that such interest qualifies for relief.
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