Addition u/s 68-mere non-submission of ITR copy no ground for rejecting explanation, when it was demonstrated that loans had already…
Income offered and taxed in the proceedings before the Settlement Commission, cannot be taxed again in the proceedings u/s 143(3)…
Section 45(5A) is prospective in nature not retrospective. The section provides that the date of handover of the possession is…
Employer deducting Tax on a bonafide estimate cannot be held assessee in default u/s 201(1) as TDS is a tentative…
Penalty u/s 271(1)(c) on proportionate disallowance of interest expenses towards interest free advances given by the assessee deleted ABCAUS Case…
No addition u/s 41(1) can be made unless liability is written off in accounts. AO has to brought evidence on…
No addition made on account of reasons recorded for reopening, the reassessment, order passed was vitiated in law - ITAT…
Reassessment without fresh material with the Assessing Officer to believe that income has escaped assessment is invalid ABCAUS Case Law…
Franchise of Kidzee school chain denied registration u/s 12AA as Trust was running with primary objective of branding and earning…
Penalty u/s 271BA deleted for not uploading audit report in Form No. 3CEB due to technical glitches when report was…