ICAI income exempt us 11. The institute is an educational institute and its coaching activities falls within the meaning of…
Rented Building Renovation-Repair Expenses are Current Repairs allowable u/s 30. Accumulated repairs not allowed only when assessee owns building, as…
House Property Rent or Business Income-Activity not ownership is decisive. ITAT Chennai, following Supreme Court Judgment upheld bifurcation of rent…
Consent of assessee cannot give AO right to make additions. the consent of the assesse/authorised representative cannot be a reason to…
Self-made cash payment vouchers disallowance additions made for truck hire charges doubting genuineness of expenditure without making any enquiry was…
Indirect expenses can never be in proportion to sale. There was no reason to ask justification to explain variation in…
FMV-No approach road and weaker sections society in colony. DVO directed to give 30% adjustments in calculating fair market value…
Deemed consideration us 50C eligible for 54F exemption for capital gain purpose. Net consideration include Fair market value under deeming…
DVO Reference us 50C2 must when assessee requested. It was wrong to say that since stamp value was not challenged…
Bedridden person can have agriculture income, advance loan. Summarily Rejecting creditworthiness despite pattadar passbook without verification wrong-ITAT. This was held…