Q1a is on amt newly framed based on providing exemtion of 10 A will not be added back for determining adjusted total income. Land is not eligible for 35 AD
Question 1b is also easy only language twist being a newly formed question no liability arising in the hand of company only long term capital gains arise in the hand of share holder as usual calculation of Lt tax can be shaved by the share holder by investing in 54ec bond and residencial house
Payment to Mr Raja is allowed being payment for agricultural product directly but pament to middileman no allowed being cash payment more than 20000 thousand
Contribution more than 10 percent not allowed under section 80Ccd
Transportation expenses allowed no TDs req
Profit on sale of land not taxable being 100% subsidiary co
Compensation due to to interim order not taxable it is taxable only on final order
Other points are simple in question no 2
In question no 3 DRP will send the draft order to AO in case of foreign co
Charitable trust claiming exemption is no entitled for deduction under section 10
Penalty For not maintain records specified in section 92
Proceedings can be initiated under section 263 if material detrimental to revenue on records.
Assessment under section 143 or 147 not make any difference
Over all paper is conceptual I could not say easy because not from practice mannual as usual