Mother and two minor sons having common interest in the inherited business carried on for the benefit of all by one of them would constitute ‘BOI’s
Interesting Issue: Assessee initially purchased land for construction of house to avail capital gain exemption but later changed his mind and instead, purchased a residential house
Interesting case: Software engineers could not be excluded from the definition of workman and remuneration received by them could be duly treated as ‘wages’
Appellate authorities can allow the ground even if claim for relief/exemption has not been made part of the original or revised return
Validity of Additions to income: AO made addition by adjusting security deposit against unrealised rent
Long Term Lease: Tenant is a deemed owner and rental income is taxable as “Income from House Property”
Long Term Lease: Tenant is a deemed owner and rental income is taxable as “Income from House Property”
It is a normal custom for woman to receive jeweler in the form of “streedhan” or on other occasions such as birth of a child etc. Collecting jewellery of 906.900 grams by a woman in a married life of 25-30 years is not abnormal: Delhi ITAT
It is a normal custom for woman to receive jeweler in the form of “streedhan” or on other occasions such as birth of a child etc. Collecting jewellery of 906.900 grams by a woman in a married life of 25-30 years is not abnormal: Delhi ITAT
