Capital gains on Cash payment received by retiring partner towards value of his share in assets of partnership-firm
Agricultural Income of the Minor- No clubbing required with the income of the parents for rate purpose
Land purchased prior to date of transfer of agricultural land not eligible for sec. 54B exemption: ITAT
Landmark Judgment in current scenario : ITAT granted registration u/s 12AA to trust formed to comply with CSR of its parent co.
Sec. 80-IAC benefit available only to DPIIT’s recognized start-up having turnover up to 25 crores: CBDT
Activity of selling various small properties acquired from sale of land couldn’t be treated as business activity