All Advances given for purely temporary financial accommodation for business purposes does not attract the deeming fiction of deemed Dividend u/s 2(22)(e)
Fair Market Value of property determined without giving access to the DVO’s report to Assessee and without considering the Assessee’s objections is not fair
An opportunity Not to be Missed – CBDT have given Relaxation for Verification of Income Tax Return (ITR V)
Where both interest-free and interest bearing funds were available with assessee, it is to be presumed that investments were made out of interest-free fund: Bombay HC
“Stamp valuation on the date of registration cannot be applied as the provision of S.50C was not in the statute when the agreement to sell for property was entered: Allahabad ITAT .
Allowability of interest expenditure where builder included interest portion as its work in progress in books and claimed them as a deduction in income computation for tax payments.
