https://www.taxtmi.com/caselaws?id=396850 Brought-forward VAT and tax liabilities were held not to attract disallowance under section 43B where the current year's unpaid statutory dues had already been added back and the opening balance did not represent current year expenditure. An unregistered MOU for sale of land, without delivery of possession or evidence of a completed transfer, did not give rise to capital gains under section 2(47), and the addition was deleted. Claims relating to foreign exchange loss, bad debts, written-off advances, unsecured loans, short-term capital loss and unabsorbed depreciation were remanded for fresh verification because the supporting evidence had not been examined at the lower level. Rectification under section 154 was rejected because the disputes were not apparent mistakes from the record. en-us Thu, 16 Jul 2020 00:00:00 +0530 Tue, 21 Jul 2020 19:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396850 Brought-forward VAT and tax liabilities were held not to attract disallowance under section 43B where the current year's unpaid statutory dues had already been added back and the opening balance did not represent current year expenditure. An unregistered MOU for sale of land, without delivery of possession or evidence of a completed transfer, did not give rise to capital gains under section 2(47), and the addition was deleted. Claims relating to foreign exchange loss, bad debts, written-off advances, unsecured loans, short-term capital loss and unabsorbed depreciation were remanded for fresh verification because the supporting evidence had not been examined at the lower level. Rectification under section 154 was rejected because the disputes were not apparent mistakes from the record. Case-Laws Income Tax Thu, 16 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396850