Loss of stock on account of fire at business place & it’s Allowability if the records not available due to fire
Tribunal can direct for registration of a trust/institution without remanding matter to Commissioner as powers of Tribunal are co-extensive to that of Commissioner under section 12AA
Where assessee had submitted purchase bills, transportation bills, confirmed copy of accounts and VAT Registration of sellers as also their Income-tax Return and payment was made through cheques, impugned purchases could not be disallowed
Interesting case: Issue of Capital gain Exemption if Possession of plot could not be acquired due to developer’s failure
Income from other sources-Fair market value of premium on share-Report of valuer under DCF method-Valuation done by valuer as per mandate of statute
