Merely because share prices doubled, it may not have given rise to any doubt to disbelieve the transaction – High…
It is the bounden duty of income tax authority to comply with the decision of the Supreme Court – High…
ITAT allows withdrawal of appeal against rejection of registration u/s 12AB as assessee had been availing benefit of blanket exemption…
When explanation for delay does not smack of mala fide, right of hearing of appeal on merit ought not to…
ITAT allows exemption u/s 54 allowed despite failure to deposit the amount in Capital Gains Accounts Scheme and new asset…
Addition cannot be made in the hands of the assessee solely on the basis of uncorroborated loose-sheet - ITAT In…
ITAT dismisses claim of Leave Encashment exemption u/s 10(10AA)(ii) beyond Rs. 3 lakhs In a recent judgment, ITAT Ahmedabad has…
Assessing Officer had taken a reasonable stand that 25 kg written in WhatsApp chat/text message was 25 lakh - ITAT…
Shareholders are only owners of the shares of the company therefore, income from properties earned by the company cannot be…
When approval for reassessment was granted by unauthorised authority, such jurisdictional error cannot be shielded by the law of limitation…