Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Capital gains under section 50C had to be recomputed by adopting the guideline value as on 03.10.2006, since the Tribunal's view in the co-owner's case was held to reflect the correct legal position and to accord with the cited precedent. The valuation adopted by the Assessing Officer and the Departmental Valuation Officer was therefore not sustained. The Court set aside the orders below and directed fresh computation of capital gains on that basis, after giving the assessee a reasonable opportunity of being heard.
Capital gains under section 50C had to be recomputed by adopting the guideline value as on 03.10.2006, since the Tribunal's view in the co-owner's case was held to reflect the correct legal position and to accord with the cited precedent. The valuation adopted by the Assessing Officer and the Departmental Valuation Officer was therefore not sustained. The Court set aside the orders below and directed fresh computation of capital gains on that basis, after giving the assessee a reasonable opportunity of being heard.
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