Provision of sec. 43CA not applicable if builder entered into agreement to sell under-construction flats
Loan accepted in cash – Assessee was engaged in construction business and started from scratch and did not have financial capacity to undertake huge projects – No penalty attracted
AO need to consider the reply submitted by Assessee related to cash deposit for Reassessment: Gujarat HC
Assessing Officer has a legal obligation to implement the order of the ITAT strictly and such failure would result in the failure of justice: Karnataka HC
Capital Gain computation: Whether indexation benefit isavailable from the date of payment or from the date of purchase deed?
Whether a pre-shipment advance out of which cash/trade discount was deducted by foreign party as per written trade agreement, can be construed as ‘interest’ u/s 2(28)