Cash payments made to the suppliers on holidays for procurement of the materials could not be disallowed under section 40A(3)
Interesting Judgement: Charitable trust can carry forward excess of expenditure over income in the next year for set off
Capital gains exemption on purchase of new property before sale of original asset & Completion of construction within three years
Interest paid to the seller of house – Whether eligible for deduction as housing loan interest u/s 24(b)?