• Income Tax

Hundred percent addition on account of bogus purchase upheld – SLP dismissed

5 months ago

SLP dismissed against 100 percent addition made by the High Court on account of bogus purchase In a recent judgment…

  • Income Tax

Percentage completion method of accounting of real estate business was incorrect – ITAT

5 months ago

Application of percentage completion method of accounting of real estate business was incorrect as the project was not in the…

  • Income Tax

Provisions of Section 41(1) not apply to liabilities in respect of capital assets – ITAT

5 months ago

Provisions of Section 41(1) not applicable to liabilities written back which were incurred in respect of capital assets and were…

  • GST

Seizure of goods justified when e-way bill not generated on movement of goods

5 months ago

Seizure of goods justified when e-way bill was not generated immediately on movement of the goods but was generated after…

  • Income Tax

AO not bound to bring on record an acknowledgment of service of notice

5 months ago

AO not bound to bring on record an acknowledgment of service of the notice which is issued by registered post…

  • Income Tax

Addition u/s 68 deleted as time gap in cash withdrawal & deposit was normal in business

5 months ago

Addition u/s 68 deleted as time gap between cash withdrawal and cash deposit into bank account was similar to the…

  • Income Tax

ITAT upheld depreciation on goodwill generated in the course of amalgamation

5 months ago

When amalgamation is done in larger interest of business, depreciation on goodwill generated in the course of amalgamation allowable -…

  • Income Tax

No disallowance u/s 40A(3) as business nature and cash withdrawals patterns remained same

5 months ago

ITAT upheld deletion of disallowance u/s 40A(3) where the nature of business remained the same and the patterns of cash…

  • Income Tax

Deduction u/s 80IA allowed on interest income from fixed deposits and TDS refund

5 months ago

High Court allowed deduction u/s 80IA allowed on interest income from fixed deposits and on interest on TDS refund In…

  • Income Tax

Seizure of jewellery held valid as assesse failed to substantiate legitimacy, discrepancies & weight

5 months ago

Seizure of jewellery held valid in view of assessee’s failure to substantiate the legitimacy of jewellery, discrepancies in documentation and…