Purpose of the Subsidy is important to determine whether it is revenue or capital
The ITO added 'interest' on interest free loan given by lessee to lessor as 'notional rent'. HC said no.
Compensation actually should be allowed as deduction !
Whether High Court is empowered to accept qustion of fact ??
The assessee tr. two assets by single agreement for composite consideration. Can he calculate 'capital gains' seperately for each asset ?
'Chargeable gift'- Hindu law - Settlement of share of HUF on unmarried daughter The assessee were members of an HUF known as CD family.'C' the karta died on 29 January 1987. Due to some disputes arising among family members, a family arrangement wa
Depreciation allowance - Assets leased by assessee The assessee had purchased certain steel rollers from 'A' and leased them out to 'B'.On facts it was found by the CIT(A) and the Tribunal that purchase of rollers from 'A' and lease of these to 'B'
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