Business disallowance under section 40(b)—Remuneration to partner—Interest income whether to be disallowed Conclusion: Interest earned on FDRs to avail of OD…
Capital gains–Sale of mortgaged property in discharge of loan created by assessee himself–Determination of full value of consideration Facts: Assessee…
Search and seizure–Assumption of jurisdiction under section 153A–No incriminating material found Facts: AO observed that during course of pre-search enquiries,…
Set off of business losses–Set off of unabsorbed business losses against capital income arising through slump sale–Allowability Facts: Assessee-company was…