Daily Archive: Sunday, August 28, 2016

Form 26AS amounts not income if not credited in books of accounts of the assesssee. Mere issue of TDS certificate does not establish any income-ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Form 26AS amounts not income if not credited in books of accounts of the assesssee. It is a well settled law that the bank account is not books of account of the assessee.  Mere issue of TDS certificate does not establish any income-ITAT. ABCAUS Case Law Citation: 1003 2016

 

Higher GP rate adoption for mere fall in rate from preceding year. It cannot be a sole reason for choosing higher rate as per Assessing Officers convenience

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Higher GP rate adoption for mere fall in rate from preceding year. It cannot be a sole reason for choosing higher rate as per Assessing Officers convenience – ITAT ABCAUS Case Law Citation: 1002 2016 (08) ITAT Assessment Year: 2010-11 Date/Month of Judgment: July 2016 Brief Facts of the Case: