Deputy Commissioner of Stamp Duty cannot decide the validity of the document or the validity of the trust deed for the purpose of determining the stamp duty payable as per the Transfer of Property Act, 1882.
Whether mere old age and infirmity of the executor of an agreement could be considered as grounds for undue influence?
Landmark Judgment : Deposit of sale consideration in Capital Gain Deosit Scheme is not a Mandatory condition for claiming Capital Gain Exemption
CBDT : Transfer/ Postings of several officers in the grade of Additional Commissioner / Joint Commissioner of Income Tax
Interesting judgment on Availability of Input tax credit on Detachable Engineered Wood with Oak Wooden Flooring capitalised as furniture and fixture
Transfer pricing & Computation of ALP : Notional interest accrued on account of delayed payment by AE, could not be treated as part of assessee’s income and made the subject-matter of the adjustments
Interest incurred on loans taken for acquiring controlling interest in company of same line, would be allowable expenditure under section 36(1)(iii)
Merely because the assessee was not able to generate desired agricultural income from the said land and sold the said land within one year of would not change the character of agricultural land to a non-agricultural land. Assessee would be entitled to claim the benefit of exemption under section 10(1).
