https://www.taxtmi.com/article/detailed?id=450 Budget amendments withdraw judicially recognized reliefs by (1) redefining depreciation treatment for composite income to permit notional deductions, (2) excluding contractors from housing project deduction under Section 80IB(10), (3) treating stamp valuation authority prices as the value for capital gains even for unregistered documents, (4) expanding search-authorized officer ranks retrospectively, (5) prescribing two- and four-year bars for deeming assessee-in-default under TDS rules, and (6) mandating add-back of provisions for diminution in value of assets to compute book profits retrospectively. en-us Wed, 05 Aug 2009 00:00:00 +0530 Wed, 05 Aug 2009 19:36:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=450 Budget amendments withdraw judicially recognized reliefs by (1) redefining depreciation treatment for composite income to permit notional deductions, (2) excluding contractors from housing project deduction under Section 80IB(10), (3) treating stamp valuation authority prices as the value for capital gains even for unregistered documents, (4) expanding search-authorized officer ranks retrospectively, (5) prescribing two- and four-year bars for deeming assessee-in-default under TDS rules, and (6) mandating add-back of provisions for diminution in value of assets to compute book profits retrospectively. Articles Income Tax Wed, 05 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=450