Surplus arising on prepayment of deferred sales tax loan at net present value (NPV) – Whether a capital receipt?
Long term capital gain exemption if the investment is done in the name of family members or relatives
Validity of addition if AO had not brought on record any material to show that cash deposited in bank accounts of the creditors belonged to assessee and, was a case of round tripping of unaccounted income of the assessee
Since Assessee had not shown any agricultural income in his return of income, he was not justified in claiming exemption from the capital gain tax: ITAT Delhi
Deduction u/s 10AA not to be allowed on enhanced profits arrived after considering the disallowance u/s 69C, in view of legal position clarified by CBDT.
Capital gain exemption if amount is deposited in SB A/c transferred to fixed deposit account & no evidence exists to prove the investment of amount in capital gains deposit account account