No addition could be made only on the ground that there was time gap between the withdrawals and the corresponding…
Claim of expenditure involved is not a case of concealment of income. ITAT deleted penalty u/s 271(1)(c) In a recent…
Mere clubbing loan account with capital account can not be treated as unexplained income - ITAT In a recent judgment,…
Mere failure of creditor/ shareholder to appear no basis to make addition u/s 68 when assessee produced basic evidences -…
AGFTC and ITBA requests Finance Minister to reduce penalty u/s 73(9) of the CGST Act 2017 All Gujarat Federation of…
Non-payment cannot be a ground for disallowing the claim of sub-contract expenses - ITAT In a recent judgment, the ITAT…
Under peak theory, only peak cash deposit to be taxed instead of entire cash deposit in bank account - ITAT…
Merely because no addition is made, assessment cannot be held as erroneous or prejudicial - ITAT In a recent judgment,…
Penalty confirmed for filing revised return claiming bogus deductions under Chapter VIA with the intention of claiming illegal refund. In…
A consistent view taken by AO can’t be held erroneous and prejudicial to interest of revenue - ITAT In a…