Concealment penalty for change in method of stock valuation deleted by ITAT. Lower of Cost or market price method was…
Addition made for low house hold withdrawals from capital upheld by ITAT rejecting the explanation of of joint family living…
Booking of flat is not date of acquisition for claim of capital gain exemption u/s 54F. ITAT upheld denial of…
Renovation is part of cost of acquisition for grant of benefit of deduction u/s 54F. Term residential house include all…
Capital gain Exemption u/s 54 can not be denied for new property purchased in joint names of self wife &…
Date of Agreement to purchase taken as date of acquisition for grant of exemption u/s 54F. Section 2(47) not stipulates…
Procedure for valuation of inventory from tag price during survey u/s 133A-Cost price has to be determined and due deduction…
Payments made by University to affiliated colleges for conducting examinations in different centres were reimbursement and not fee for technical…
The jurisdiction cannot be challenged after expiry of time limit prescribed u/s 124(3). The challenge to jurisdiction is different from…
AO was not justified in applying accounting method followed by a different assessee and rejecting Percentage of completion method consistently…