Proceedings u/s 269SS for levy of penalty u/s 271D are independent proceedings- ITAT In a recent judgment, the ITAT Cuttack…
CSR Expenses though not allowed u/s 37 however allowable deduction u/s 80G of the Income Tax Act 1961 - ITAT…
Large cash seized from State not where business is carried is unexplained income In a recent judgment, the ITAT Pune…
Period of limitation for passing Revisionary order u/s 263 to be reckoned from the date of the original assessment order…
Only undisputed tax liability is to be paid before filing appeal to CIT(A)-ITAT In a recent judgment, ITAT Pune has…
Sanction of Prosecution u/s 276B set aside due to Covid-19 pandemic and TDS being deposited within three months In a…
Assessee cannot be asked to prove source of cash deposit made in bank account opened by forgery - ITAT In…
Expenditure can’t be disallowed because it is not debited in Profit and Loss Account - ITAT In a recent judgment,…
Tax recovery on the basis of wrong computation sheet stayed as tax liability was NIL as per Assessment Order In…
There is no provision under Income-tax law for making ad-hoc disallowance of sundry creditors – ITAT In a recent judgment,…