Trust is eligible for benefit u/s 11 when the activities of the trust are purely religious and spiritual in nature
If a request for cross examination is made prior to completion of assessment then full opportunity must be afforded to the assessee
Housing Loan Interest Deduction: Taxpayer is entitled to deduct only simple interest payable & not interest on interest – CA Naresh Jakhotia
HC now directed nodal officer to address grievances with regard to technical glitches taking place while uploading TRAN-1
Capital gain exemption is available if capital gain is invested up to scheduled date of filing of revised ITR:
No reassessment after 4 years permissible if dedication was consciously allowed by Income tax authorites during original assessment
Irregularities found in the documents accompanying the goods resulting in seizure of goods during inter state transfer