HC restrained revenue from enforcing order of attachment of property during pendency of appellate proceedings
Only expenditure incurred on the assets is eligible for deduction while computing capital gain. Expenses to improve the title of the assets is neither cost of acquisition nor cost of improvement
Assessee engaged in building and leasing premises of special nature as per the requirements of clients is business income
Cost of acquisition and cost of improvement – As discussed by Supreme court in R. M. Arunachalam Etc. vs Commissioner Of Income Tax
Where share capital had been scrutinized and accepted by the revenue then holding the same share capital as unexplained in reassessment u/s 153A tantamounted to change of opinion not backed by any evidence and not legally sustainable
Issue of shares at premium : AO is well within his rights to examine the methodology adopted by assessee and/or underlying assumptions and if he not satisfied, he could suggest necessary modifications/alternations on sound reasoning and rationale basis
Politicians getting in favour of taxpayers ! Now, Ex CM of Maharashtra also requested for Date Extension
Case with wider Benefits : Offering scholarship for creating visibility in international arena is a revenue expenditure, allowable u/s 37(1).
Blocking of Eway bill extended to 21st November 2019 vide notification No. 36/2019 Dated 20th August, 2019
