Once a method of recognizing revenue accepted by revenue in earlier and later years, same cannot be disturbed for the…
Cash credit addition u/s 68 made on the basis of statement retracted subsequently deleted by ITAT In a recent judgment,…
Interest u/s 234C is chargeable on returned income only and not on the assessed income - ITAT In a recent…
Singing of the balance sheet itself is construed as acknowledgement of debt. No cessation of liability u/s 41 if trade…
RBI issues Guidelines on Appointment / Re-appointment of Statutory Auditors of State Co-operative Banks and Central Co-operative Banks RBI has…
No presumption that if assessee owns some agricultural land, agricultural income arises automatically – Supreme Court dismisses SLP An income…
Misplacement of record by assistant constitute sufficient reason for condonation of delay - ITAT In a recent judgment, the ITAT…
Section 269SS not apply to cash receipt of sale consideration of immovable property, it deals only with loan or deposit…
Stock surrendered during survey held business income not cash credits or unexplained money u/s 69 or 69A. Question of application…
Deduction u/s 54F allowable despite postdated cheque not cleared or details thereof not mentioned in agreement - ITAT In a…