Important judgement on Section 43CB & 145 for complex issue of taxation on real estate construction contracts – ‘completed contract’ vs. ‘percentage completion’ w.r.t AS-7, AS-9 & all important judgements.
More than one residential unit also eligible for exemption u/s 54 & 54F if located in the same building: Delhi HC
No deduction of finance charges if assessee was engaged in making investments just to earn dividend income: ITAT
Granting or refusing registration shall be passed before expiry of 6 months from the end of month in which the application received under section 12A: says Bangalore ITAT.