Wrong deduction at a lower rate of payments for advertising products which was distributor u/s194C instead of u/s194I for that the payment could not be disallowed u/s 40 (a) (ia).
Construction not completed within 3 years, still capital gain exemption available: Interesting Income Tax
No disallowance for excess payment (Reasonableness & Adequacy of expenses are only available when the payment is made to a related party)
Prohibition of Benami Property Transactions Act: Payment of advance salary by employer to its employee to defeat purpose of demonization didn’t come under purview of Benami Transaction
Taxability of Interest on enhanced compensation arising on compulsory acquisition of agricultural land
Section 14A cannot be invoked where no exempt income was earned by assessee in relevant assessment year.