Where Assessee inherits the property with any lease, lien, mortgage or any actionable claim, then payment made for the purpose of clearing of such actionable claims for perfecting the title is to be regarded as cost of acquisition u/s. 48.
Assessees who are engaged in the activity of growing hybrid seeds are entitled to claim exemption as agricultural income
ITAT allowed deduction towards amount paid by Senior Advocate Harish Salve as scholarships of two students at Oxford University
Section 50C which provides a safe harbour of 5% must be interpreted to apply since the insertion as it is curative
Extension of Date for payment and filing of applications in first phase of Maharashtra Amnesty scheme
Once the segregation of shares under two different portfolios was made and accepted by Revenue, the mere quantum of turnover and frequency of transactions could not decide the nature of transactions.
